Payroll

Payroll is far more complicated than it used to be. It now includes RTI, auto enrolment and pensions, maternity pay, paternity pay, adoption leave and student loans to name just a few.

More recently it was a vehicle to claim furlough payments. This was something new that the accountancy industry had never had to deal with before and the government in a panic was changing the rules, sometimes on a daily basis.

As your business grows, Payroll can become an increasingly time-consuming task. We believe that your time is sacred and scarce, so handing your payroll over to the experts means more time for you and more time to focus and grow your business.

We will help you with everything from processing weekly and monthly payroll, dealing with leavers and starters to ensuring compliance with government regulations.

Payslips can be delivered either via email to you to distribute to employees yourself, or we can issue directly to each employee or via a self service portal. Basically any way that is more convenient to you.

Ensuring that your business operates minimum wage rules and changes is critical to prevent any HMRC fines and possible problems at Employment Tribunal. When the minimum wage is increased each year, we help you to make sure you are meeting the current national Minimum wage for each of the age groups. Further to this if an employee moves up to the next bracket, for example if they have a birthday and turn 25, we will ensure that you still meet your legal obligations by calculating the appropriate pay.

Are you aware of what your business in entitled to with regard to the Employment allowance? This year the employment allowance is currently £5,000. This allows small-medium companies up to £5,000 off their employer national insurance contributions, which for this year is 15.05% for anyone earning over £758 per month (£9,100 per annum). This needs to be applied for each financial year to companies with an annual NIC bill of under £100,000. We will do this for you as part of our overall payroll service.

Maybe you do not have any staff but you are a director on payroll. If this is the case, are you using your tax free personal allowance in the most efficient way?

By being on the payroll as a director we can not only guide you to be operating in the most efficient way but by being on the payroll you are allowing yourself to earn qualifying years towards your state pension.

You need at least 10 years on your national insurance record to qualify for the state pension. An a further 25 years is required to get the full “new State Pension”. This is important for your future, payroll needs to be correctly.   

By taking up our payroll services You also have the added bonus of not having to worry about the ever-changing rules and regulations surrounding payroll and what it means for your business. For example, regarding new HMRC rules about RTI (real time information), it’s crucial that payroll is submitted accurately in time with HMRC deadlines. We ensure these deadlines are met. You will receive first class advice and help specific to you.