The construction industry is set for growth over the next five years, offering opportunities for businesses to expand and thrive. However, with increased demand comes significant complexity, especially in managing payroll. Ensure your payroll processes are both efficient and compliant to avoid costly penalties.
From handling the intricacies of the Construction Industry Scheme (CIS) and ensuring National Minimum Wage compliance to managing both permanent staff and subcontractors, we've seen it all. So whether it's calculating varying hourly rates, overtime, or navigating new holiday pay regulations, we will ensure your payroll runs smoothly.
As the construction industry grows and regulations become increasingly complex, having a payroll partner you can rely on is more critical than ever. At Folio Partners, we understand the unique challenges you face and are committed to supporting your business every step of the way. Our team actively participates in industry events and listens to the experiences of construction business owners, ensuring we stay informed about the latest developments that matter to you. We continuously update our systems to meet the newest regulatory requirements and maintain membership with relevant trade bodies, giving you confidence that your payroll is always compliant. Let us take the hassle out of payroll.
The consequences of non-compliance are more serious than ever, yet staying compliant hasn't gotten any simpler. For instance, companies that violate the National Minimum Wage can face fines of up to £20,000, plus £100 per affected employee, and risk being publicly listed on HMRC’s “Name and Shame” list, which can harm your reputation and disrupt operations. We’re here to help you avoid these risks by ensuring your business continues to run smoothly.
Payroll can be time-consuming, especially when dealing with varying employment contracts, leave tracking and benefits. Say goodbye to manual inputs and unanswered questions, our team of payroll experts armed with the latest cloud-based technology will ensure everything is standardised and easy to understand. We also conduct thorough wage audits, so you can be confident that your operations meet all regulatory requirements without having to manage it yourself.
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0203 727 0278
