Meeting your obligations as an employer can be incredibly daunting especially with the introduction of Real Time Information (RTI) and Work Place Pensions. RTI means employers must share information with HMRC on-or-before payments are made to employees. Under the Pensions Act 2008, every employer must offer eligible employees a Work Place Pension. We can help set up an Employers’ payroll scheme with H M Revenue & Customs and help you decide the pension provider and the pension scheme that best suits your business needs.
We offer a full payroll service for your business and can run monthly, bi-weekly or weekly payroll as required by you. Our service includes monthly payroll, payslips, FPS and EPS submissions. It also includes advising you of your HMRC obligations and performing year end processes such as issuing P60 to distribute to employees in the year end and submitting year end Final Payment Submissions and Employer Payment Summary. Further, we can also deal with enquiries about payroll and pensions. We use HMRC-approved, RTI-compliant payroll software that automatically updates itself whenever new changes are made.
Throughout the year, we will calculate your employees’ net pay, report the figures and information to HMRC and provide you with payslips to pass on to your staff. We can calculate the tax and National Insurance deductions applicable; even if your employees are on sick, paternity or maternity leave. We can also help you to keep track of their holiday entitlement and can file all the starters and leavers forms on your behalf.
We can also prepare your benefits and expenses forms and advice you of any filing requirements or National Insurance that falls due. Benefits and expenses can be a very complicated area and knowing what and where to report can be tricky. Late payments or underpayments of employers’ deductions can now lead to hefty penalties, so we can help you avoid incurring these.
All these increased burdens can be intimidating, but we can guide you through the processes, costs, calculations and deadlines and take care of everything for you.