Payroll services
We offer payroll services for director/shareholder limited companies and entities which require this service.
For the director/shareholder company we offer this as part of our fixed fee arrangement. For other situations we will offer a bespoke quote usually around the number of people involved and which parts of the payroll you would like us to undertake. Please use the contact form below to ask for your free quotation.
Employers
If you employ staff, you have legal obligations to HM Revenue & Customs. If you do not fulfill these obligations then you will be liable to significant penalties and interest. Penalties usually arise if you either:
- miss statutory deadlines for paying over tax and national insurance contributions that you have deducted from your employees, or,
- you are late submitting statutory returns to HM Revenue & Customs.
Employee Benefits
Take care if you provide employees with benefits such as company cars and health insurance. Look out for the following:
- Seemingly unrelated expenditure can be classified as a benefit. For example excessive staff entertaining.
- Benefits attract their own national insurance charge which has to be paid by employers in July each year.
- Benefits have to be declared to HM Revenue on specific returns which must be submitted on time to avoid penalties.
Employers considerations
- Small businesses can choose to pay their deductions quarterly rather than monthly, thus helping with cash flow.
- Employers are liable to make their own national insurance contributions based on employees salary levels. This is added to tax and employees national insurance deductions when paid to HM Revenue each month or quarter.
- Employees - make sure you only pay what you owe.
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