Provide Pay slips weekly or monthly
Keep proper records of employee details
Provide P 45 and P60
Submission of PAYE returns live to HMRC.
HMRC inspections and investigations on agreed terms.
Consultation Regarding Pension Schemes
Advice on National Insurance Contributions.
As an employee a person has to meet all responsibilities to the tax regime of this country using the PAYE system. But apart from being an employee if they have other income there can be instances when submitting a tax return can be the best move for reducing the amount of tax payable under the tax regulations. This situation may arise if some one is employed and:
self employed or a partner in a partnership
a company director
have large amounts of savings or investment income
have untaxed savings or investment income
own land or property that is being let
The household receives Child Benefit and you have income in excess of £50,000
have income from overseas
have sold or given an asset away (such as a holiday home or some shares)
have lived or worked abroad or aren’t domiciled in the UK
It is better to know that even if the above activities does not generate any profit it is always in the tax payer’s own interest to file a Tax Return annually.
Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business and the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.
We can relieve you of this burden by providing a comprehensive payroll package offering a completely confidential and cost-effective service that includes:
New Starters and leavers
Organising Code number changes
Tailored and standard payslips
Looking into Taxable benefits and P11Ds
Tax advice in relation to company, personal, and stakeholder pension schemes.
Student loan provision for recovery in the payroll.
SMP, SPP, SSP, and SAP
Aspects of Child maintenance orders
Tax advice in relation to pay in lieu of notice and redundancy
Advice on tax and NIC payable including dealing with the future changes in NIC rates
Processing Bank payments through BACS
Attending to employee enquiries
Prevailing payroll reports filing.
Issuing of year-end P60 certificates
Statutory reporting and submissions to HMRC in real time (RTI) basis.
Even if you have only a few employees, you will make savings by adopting a Payroll Scheme.