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Small companies e.g. a one man, medium and large companies who employ staff (which includes directors), are required to set up a payroll scheme with Inland Revenue once they begin paying them.
Individuals who employ the use of domestic services, such as nannies, chauffeurs, butlers, cleaners etc, are required to set up and run PAYE schemes for their employees.
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At Accountancy Champs we will |
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Help you understand how the PAYE system and National Insurance works. |
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Run your payroll - all you have to do is pay it! |
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Review benefits in kind and produce your P11Ds |
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We aim to do as much of this work online as we can which makes it simpler for everyone involved. |
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Payroll is dynamic, with new rules and regulations appearing all too often. At the start of the 2010/11 payroll year new rules on charging penalties to companies for late payment of PAYE / NI were introduced. |
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Don't get caught out!!!! |
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Tip - if you haven't got a P11d dispensation - it's worth trying to get one |
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Our comprehensive payroll service includes: |
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Customised payslips |
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Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc |
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Completion of statutory forms, including yearend returns, to issue to your employees and submit to HM Revenue and Customs |
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Summaries and analyses of staff costs |
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Administration of incentive schemes, bonuses, and ex-gratia and termination payments |
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Administration of pension schemes |
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To find out how we can help you, please contact us at our office. |
Frequently asked Questions
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What is involved in running a payroll scheme? |
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You will be required to calculate and deduct the correct amount of tax (PAYE) and National Insurance (NI) from your employees each month, as well as your employer NI deductions. |
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You will be required to pay over these deducted amounts on a regular basis to Inland Revenue. |
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You will be required to calculate statutory sick, maternity, paternity and adoption pay. |
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You will be required to provide employees with P11d's where required. These are for summarising benefits, and relate mainly to company directors. |
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You will be required to present your employees with P45's on leaving, or P60's at year end. |
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You will be required to submit your Annual Employer Summary P35 and P14 to Inland Revenue each year. |
What are your costs?
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Call us for a quote. |
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Our basic payroll cost is inclusive of payslips, all PAYE and NI calculations, P35 and P14 returns, P45's and P60's. |
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P11(d)'s (if required) will be charged additionally. |
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How will it work? |
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Once your PAYE scheme has been set up (we can assist with this process), you will be sent the relevant paying in books. |
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Each month you will need to email us details of all gross payments to be paid to staff. We will then email you back, detailing the net pay and all deductions to your staff. |
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We will also advise you of the timing and amounts due to be paid over to Inland Revenue. We will also complete and submit the end of year P35 and P14 annual returns. |
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If you sign up for 12 months to our Business as Usual package and Monitoring Performance Package which covers Bookkeeping, VAT, Payroll and Management accounts, we will give you 20% off your bill. |
