What is Our PAYE Solution?
With LS Outsourcing's PAYE solution, contractors become our employees and receive a consistent salary, either weekly or monthly, as established in the agreement with the agency. PAYE is our simplest payroll solution, ideally suited for contractors engaged through a single recruitment agency, particularly those on medium to long-term assignments.
What is Umbrella Employment?
Our Umbrella Employment solution offers contractors the flexibility of working through multiple agencies while maintaining a single employer status. This arrangement is tax-efficient as it allows the tax-free allowance to be applied to the total weekly earnings rather than earnings from individual agencies. As an employee under our Umbrella solution, contractors benefit from standard employment entitlements such as sick pay, maternity/paternity pay, and holiday pay. Additionally, they are covered by our Public Liability and Professional Indemnity Insurance and have access to our Perks Portal, offering savings on cinema tickets, shopping, dining, and more.
Comprehensive Coverage Assurance
Choosing LS Outsourcing means you are protected by our extensive insurance policies, ensuring you have the right level of coverage at all times.
What is the CIS Solution?
The Construction Industry Scheme (CIS) applies to self-employed individuals in the construction sector. Under CIS, subcontractors are assessed by HMRC to determine the tax deduction rate from their payments. Each payment comes with a CIS voucher showing the tax deducted, which can be offset against their yearly tax liability. Often, this results in a tax refund from HMRC after the annual Self-Assessment tax return. To be eligible for CIS, individuals must be genuinely self-employed and not under the supervision, direction, or control of any other party.
Payroll Services
Effective payroll management is crucial for ensuring timely and accurate employee payments.
- Streamlined payroll processing
- Comprehensive compliance with tax regulations
- Efficient handling of employee inquiries
- Secure and reliable transaction management