A complete Contractor Payments engine is at the core of the PROStruction solution. Both company and individual payments can be created within the system. Once confirmed, payments are committed and added to the next batch to be processed. Archives of payments are kept within the system to quickly resolve disputes and ensure there are no duplicate payments.
Integrated CIS Tax Control
CIS Tax is a key component of payments control. The PROStruction solution is integrated with the HMRC web portal via a secured API. This automates payment of tax and ensures there are no tax liabilities within the business. When it comes to monthly CIS300 returns, the system is able to deal with both Gross and Net tax statuses.
Company / People Links
Within the solution, payments are managed through projects, which can be linked directly to an individual, through a company (sub-contractor) or through another individual. These links are often dependant on the type of work and allows for short term employment while ensuring company protection.