Becoming an employer is good for business, but does add a whole new layer of employee admin work. There are plenty of associated tasks to be taken care of – and the penalties for getting it wrong can be severe.
Are you struggling to deal with payroll in your business?
If you are spending too much time processing the payroll, dealing with questions from your staff, or struggling to work out who can assist you with it in-house it may be worth looking at using a payroll service. You might be worried about doing things correctly or finding it constantly gets in the way of you running your business.
Managing your PAYE:
Let us take the strain away from you and let you get on with running and growing the business. Payroll is complicated, has to be done on time every time, and you as the employer are responsible for any mistakes. We contract with a dedicated professional payroll outsource service that focuses on providing a tailor made service to our clients. This provides electronic employee payslips, monthly summaries and departmental reports.
It will deal with administering leavers and starters, and Real Time Information (RTI) PAYE returns for the Revenue. You will never have to worry about calculating statutory sick pay or deal with student loan deductions ever again!
We can also deal with CIS reporting and annual P11D benefit in kind reporting for your business if you would like a quote.
Anyone who employs staff at a rate of pay above the National Insurance lower earnings limit (£123 per week, £533 per month) must register as an employer with HMRC.
This will mean operating a payroll to pay your employees’ wages, and applies even if no tax or National Insurance liability actually arises.
No! Once you’re liable to register, all your employees must be processed through your payroll system, regardless of amount. It’s a common misconception that casual or weekend staff can be paid ‘cash in hand’ without the payment going through payroll.
That’s not the case and all wages must go through the payroll system.
Yes if you’re operating a limited company, directors are treated the same way as anyone else. So, any salary paid to directors must also be processed through the payroll system.
You will need employers’ liability insurance with minimum cover of £5 million against the risk of your employees becoming injured or ill as a result of working for you.
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