Payroll & PAYE
If you are employing people for the first time or your business has grown and you are recruiting more people, it is understandable to feel daunted by the responsibilities payroll can bring on top of your day-to-day workload.
Meeting your obligations as an employer can be quite confusing and stressful, that we know too well.
That’s why we won’t let you go through that. Instead, we'll take care of your payroll for all your employees including:
- Process your weekly, fortnightly or monthly payroll
- Issue the relevant payroll reports for you and for your employees (such as Payslips, P60, P45, P30 etc.)
- Process new joiners and leavers
- File your RTI reports directly with HMRC on a timely basis
- If your business is entitled, claim Employment Allowance on your behalf
- Advise you of PAYE/NIC amount due to HMRC and the payment due dates
The additional responsibilities surrounding pension auto-enrolment can really add to the workload.
Auto Enrolment Duties
If you employ at least one person aged between 22 and state pension age who earns before tax more than £192 per week (£833 per month or £10,000 per year) you have legal duties to provide a pension.
Your pension auto enrolment duties start when you employ your first member of staff (known as duties start date).
Once you have fulfilled your auto enrolment duties you are required to complete declaration of compliance within 5 months after your duties start date.
You also have to re-enrol your employees back into the pension scheme every three years who have opted out of the scheme.
Employees whose active membership of a qualifying scheme has ceased even though it was not their choice must also be re-enrolled immediately as soon as they meet the qualifying conditions and become eligible again.
Penalties for Failing to Comply
Automatic enrolment is a legal duty and if you don’t act in time, you could be faced with fines and penalties.
You may also be required to backdate pension contributions for periods when you should have auto-enrolled your employees, but you didn’t. In such cases, if your employees refuse to backdate their portion of the pension contributions, you (the employer) will be forced to pay on behalf of your employees on top of your employer contributions.
How We Can Help
We can help you meet your obligations as an employer and keep you compliant.
Whether you are a new employer in need of setting up payroll and pension automatic enrolment for the first time or a growing business requiring assistance taking control of your payroll and pension auto enrolment duties, we are here to support you every step of the way.
We can’t advise you on which pension scheme is best suited for you and your employees, but we can direct you to a qualified pension advisor who will be able to. Once you have decided on a scheme, we can take care of the rest.