Payroll & auto-enrolment

Payroll

Whether you have only directors taking a tax-efficient salary or you have an extensive workforce depending on you to pay their wages correctly and on time, payroll can be a massive compliance migraine. We can take that headache away by:

  • Calculating pay and deductions, including holiday pay and tax on benefits.

  • Submitting Real Time Information (RTI) to HMRC.

  • Determining your entitlement to and claiming the Employment Allowance.

  • Distributing payslips, P60s, P45s and other required documentation.

  • Calculating and reporting pension contributions.

  • Letting you know what you need to pay and when you need to pay it.

Payroll & auto-enrolment services

If you don’t yet have a payroll or pension scheme but need one, we’re here to help you get started, and then we’re here to make sure that you’re ticking all the boxes and keeping HMRC and your employees happy.

Who needs a payroll?

If you’re self-employed, you cannot pay yourself a salary, but employing other people means that you will almost certainly need a PAYE payroll scheme.

If you’re a director and owner of a company, you and your company are separate legal entities, so you can add yourself to its payroll scheme if you choose.  There is no legal obligation in this case, but there are tax savings to be made, as well as the opportunity to be credited with contributions that will entitle you to claim the State Pension (35 full years of contributions are required to receive the full state pension) and other contributory statutory benefits.

Having a PAYE payroll scheme is essential for any business that employs anyone to whom any one of the following criteria applies in the current tax year:

  • You pay them a minimum of £96 per week.
  • You pay them expenses and company benefits.
  • They’re receiving a pension.
  • They’ve had another job.
  • They’ve received Jobseeker’s Allowance, Employment and Support Allowance or Incapacity Benefit.

For more information on an employer’s automatic enrolment responsibilities visit website of The Pensions Regulator here: www.thepensionsregulator.gov.uk

A Pay As You Earn (PAYE) payroll scheme is therefore required to comply with legal requirements set by HMRC.  It is the employer’s responsibility to calculate and report tax and pension deductions, and to pay them to HMRC and your pension scheme by the appropriate date.  All that, as well as ensuring that employees are paid appropriately, including making sure that their gross wages do not fall below the National Minimum Wage and that their holiday pay is calculated correctly!

Using a professional payroll provider makes it easier to manage payroll records and comply with employers’ various legal obligations.  Failure to have a PAYE scheme and run it correctly can lead to significant consequences, including penalties from HMRC and The Pensions Regulator, and damage to your business reputation.

Flapping about payroll ?

From auto-enrolment to HMRC reporting, we handle the compliance so you can focus on running your business.