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In this episode of Build Smart Blueprint, we explore the critical differences between the Construction Industry Scheme (CIS) and Pay As You Earn (PAYE) payroll systems. Learn how each system works, the pros and cons, and how to decide which is best for your construction business. We'll also discuss the risks of misclassifying workers and the potential legal and financial consequences. Whether you're a contractor, subcontractor, or managing a construction company, this episode provides essential insights to ensure you're paying your workers correctly and compliantly. Tune in to make informed payroll decisions for your business!
In this episode of Build Smart Blueprint, we explore the critical differences between the Construction Industry Scheme (CIS) and Pay As You Earn (PAYE) payroll systems. Learn how each system works, the pros and cons, and how to decide which is best for your construction business. We'll also discuss the risks of misclassifying workers and the potential legal and financial consequences. Whether you're a contractor, subcontractor, or managing a construction company, this episode provides essential insights to ensure you're paying your workers correctly and compliantly. Tune in to make informed payroll decisions for your business!