Don’t make Company Payroll Complicated.
We can look after Production of payslips and distribution to employees Submission of RTI, calculation of PAYE and NIC plus more.
Who does payroll in a company?
Payrollcan be processed in house or outsourced. In both cases, payslips need to be provided to staff, and payment information supplied to HMRC whenever payment is made to staff.
Payroll gets more complicated when employers provide staff with non cash benefits (for example a company car or medical insurance), when dealing with casual staff and holiday entitlement.
How do I set up a payroll?
- You will first need to register as an employer with HMRC.
- HMRC will send you an accounts office number and a PAYE reference number. Once you have these, you are able to run payroll.
- You will need to record employee’s details, calculate pay and deductions, and report this all to HMRC.
What is the best software to do payroll in house?
If you are using one of the popular online accounting packages, they typically have a payroll module attached. However, be careful as these are not as comprehensive as dedicated payroll software and have more limitations
How can I register as an employer with HMRC?
The easiest way is to do this online, use the following link: https://www.gov.uk/register-employer
Who should give me my P60?.
If you are working for an employer come the end of the tax year (5 April), your employer is required to send you a P60 by 31 May of the same year. The P60 will summarise how much you have been paid, and the tax and NI that has been deducted from your payslips. Keep a hold of your P60, particularly if you are completing a self assessment.
