PAYROLL
Under the Pay-As-You-Earn (PAYE) system employers must calculate and make the correct deductions from their employees’ pay. This includes Income Tax, National Insurance and Student Loans.
The system also provides for payment of Statutory Sick Pay, Statutory Maternity, Paternity and Adoption Pay and Redundancy Pay.
Employers have a duty to account for all payments and deductions.
If calculations are not made properly the employer is liable for any shortfall – even if this cannot be recovered from the employee.
Payroll is a very complex area of your accounting processes. Legislation changes constantly and it can be very time consuming to make sure you keep up to date with the current rules and regulations. Not doing so can turn out to be a very costly mistake!
We can offer a complete payroll service which also can incorporate other aspects of employment and employment law if required.
The payroll bureau service covers:
Calculation of wages and salaries (including statutory payments as listed above)
- Providing employee payslips
- Provide monthly summaries of all payroll calculations for input into your accounts
- Provide monthly or quarterly schedules of PAYE payments due to HM Revenue & Customs.
- Provide P45’s for staff who leave your employment
- Prepare and submit P35 Year End Return and P14’s to HM Revenue & Customs
- Provide P60 Employees End of Year Certificate(s)
- Acting as your agent with HM Revenue & Customs (they deal with us, rather than with you!)
Additional services can include:
- Provide Contract(s) of Employment
- Provide advice on employing staff, terminating employment, grievance and disciplinary matters, redundancy
