Payroll

The benefits of outsourcing

Running a payroll is complex and is no longer practical without the appropriate software. All businesses now have to submit their annual payroll summary online and will soon have to receive PAYE coding notices and submit other forms online.

The HMRC website has a payroll calculator for the simplest cases but even that time consuming. Many of our clients prefer to outsource all their payroll calculations and reporting to us. It is particularly effective to use our service if you have only one or two employees.

Our payroll service

We have experienced payroll staff who use specialist software to calculate :

• The PAYE deductions of tax and national insurance contributions
• Any holiday pay, statutory sick pay or statutory maternity pay
• Any student loan or other deductions

We then send you :

• A payroll summary report showing the gross pay, deductions and net pay for each employee
• A payslip for each employee
• A note of the tax and NIC liability that you must pay

You are still responsible for paying your staff and HMRC.

The tax year-end

If you are operating through a limited company, we will have a discussion with you about the pattern of your own salary and dividends from the company.

After the tax year-end, we will prepare the annual payroll summary and supporting forms for HMRC. After you have given your approval, we will submit these online.

Fewer private businesses are providing benefits-in-kind such as company car, interest free loans or medical insurance, even to their directors. If you do provide such benefits-in-kind, we can prepare the returns to HMRC and calculate the Class 1A national insurance contributions.