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All Construction Industry Contractors Could Make Substantial Savings with EEBS..
The benefits are many; from a simple reduction in administration and banking costs to protection from hefty fines and penalties for CIS non-compliance.
EEBS Clients
Avoid PAYE & Employer’s National Insurance
Savings of 25 – 30% can be achieved on wages bills, whilst ensuring subcontractors’ take home pay is maximised.
Reduce Administration Costs
EEBS removes over 90% of the burden of CIS administration. We verify sub-contractors with HMRC, calculate weekly CIS, issue pay advice and make individual payments to the subcontractors. You simply report once a month the money you have paid to us as your sole subcontractor.
Reduce Payroll Costs and Bank Charges
You make one payment to us, usually by Direct Debit, instead of having to run a payroll yourself and making separate payments by cheque or BACS to each individual subcontractor.
Retain Control of Labour Costs
Of particular benefit in the current economic climate, EEBS clients are able to react more rapidly to fluctuations in demand for labour. We enable them to be more competitive than they may otherwise be, had they been forced to take their subcontractors ‘on the books’ and make them employees.
Avoid Costly Legal Bills
Many companies having spent vast amounts of money having contracts drawn up to protect the self-employed status of their subcontractors find that, when challenged, those contracts do not stand up to scrutiny by Employment Tribunal or HMRC. See Redrow Homes v Buckborough & Sewell.
Not only can the contracts be ineffective, but the costs of keeping them up to date with ever-changing legislation can be exorbitant. Using EEBS, we take full responsibility for contractual protection at no cost.
Avoid Litigation Costs
Some companies offer ‘bespoke’ contracts backed by insurance against the legal costs should the contract be challenged. This is false comfort. The reality is that protracted legal proceedings can take an enormous toll on companies, not simply in direct financial terms but also by removing senior figures from their day to day business of running their companies, often for long periods of time. Any company contracting through EEBS has the peace of mind to know that any problems like these are OUR problems and not theirs.
