With the implementation of Real Time Information, HMRC require information generally on or before the date of payment to the employee.
We can help by installing payroll software and training your staff. Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We are able to provide a complete payroll service, whatever the size or complexity of your business, or simply provide support when needed.
Firstly, we will start by registering new employers with HMRC or importing information from existing payroll schemes. New employee or contractor information can be collected using specially designed forms that we can provide.
The tax year runs from 6th April to 5th April each year; throughout the year we will calculate and show employee net pay on payslips or CIS certificates, and advise how and when employers are to pay tax deducted to HMRC. We can also produce P45s for leavers throughout the year and P60s at the end of the year for all employees.
We will also ensure through our payroll system that the Employer’s Employment Allowance is claimed, that CIS tax suffered is reclaimed for limited companies, auto-enrolment staging dates are met, schemes set up and reporting for contributions is available.
Additionally, we can offer advice on calculating holiday pay, sick pay and drafting contracts of employment.