Parasol CIS is for self-employed construction workers who are registered under the Construction Industry Scheme (CIS). By joining Parasol CIS, we’ll be with you, providing expert support, every step of the way.
We’ll get your money to you as fast and pain-free as possible. We do this by handling all the necessary admin, invoicing your agency/end client and paying your CIS tax deductions to HMRC. With Parasol CIS, we will make sure that you are compliant with HMRC. We also provide comprehensive insurance cover to those who feel they might need it. Our specialists will always be on hand to talk if you have any queries or concerns.
It’s quick and easy to sign up, so speak to one of our expert team today.
Benefits of Parasol CIS
Swift payments – our daily payments make sure you receive your payment as soon as possible. We’ll even send a text confirming you’ve been paid.
Expert support – We have a dedicated team that specialises in supporting CIS workers. We’re on-call and ready to provide support from 9:00 – 17:30, Monday to Friday.
Compliant services – we’ll help to establish your self-employed status and ensure you’re fully compliant.
Comprehensive insurance – covering Professional Indemnity (£5m cover), Public Liability (£5m) and Personal Accident Cover.
Is Parasol CIS right for me?
Parasol CIS was created for self-employed construction workers. Depending on your situation and circumstances, Parasol CIS may or may not be the right solution for you. Our expert team are on hand to discuss what option is the best fit.
Not self-employed? Become a Parasol employee.
Need a tax rebate fast? Our sister company Brian Alfred can help.
Want to set up a limited company? Our sister company, Caroola, specialises in company formation and can support you with this.
Whatever you need, we’re with you all the way.
How does Parasol CIS work?
We’ll ensure compliance by conducting a self-employment check on all your assignments. This will determine your employment status and confirm that Parasol CIS is the right solution for you. We’ll invoice your agency or end client on your behalf. Once these funds are paid, we’ll make any necessary tax deductions, take a small margin, then pay the remaining earnings to you.
Our process ensures you’re paid quickly and compliantly. As a sole trader, you would still be responsible for filing a self-assessment tax return at the end of the year and paying any remaining tax (or receiving a rebate, depending on how much you’ve paid in throughout the tax year). We can help file your Self-Assessment Tax Return via our friends at Brian Alfred.
What happens if my assignment falls under Supervision, Direction and Control (SDC)?
Don’t worry. If you are subject to SDC, we’re still here to support you. For SDC assignments, you can become an employee of Parasol. Parasol will have a contract with your agency and you’ll have a contract of employment with Parasol.
We’ll invoice your agency and process your pay (including tax and NI contributions), taking away the hassle. As an added bonus, because you will be legally considered an employee of Parasol, you will receive all of the benefits and protections of standard employment.
Is insurance cover included?
Yes, we include Professional Indemnity (£5m cover) and Public Liability (£5m) insurance. If you become an employee of Parasol, we also hold Employer’s Liability insurance (£10m).
How do I get started?
If you would like to find out more about Parasol CIS, request a call back below and a member of the team will be in touch.
