Payroll & PAYE
If you are employing people for the first time or your business has grown and you are recruiting new 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 confusing and stressful.
We can take care your payroll for all your employees including:
- process your weekly, fortnightly or monthly payrun
- 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 liability amounts payable to HMRC and the payment due dates
What is Employment Allowance?
Employment Allowance (EA) allows eligible employers to reduce their annual National Insurance liability by up to £4,000 a year. You’ll pay less employers’ Class 1 National Insurance each time you run your payroll until the £4,000 has been used up or the tax year ends (whichever is sooner).
EA can only be claimed against your employers’ Class 1 National Insurance liability up to a maximum of £4,000 each tax year. You can still claim the allowance if your liability was less than £4,000 a year.
Up until April 2020, the allowance was limited to £3,000. From April 2020, the allowance is increased to £4,000 a year and employers will only be eligible for the EA if their total secondary Class 1 liability in the previous tax year was under £100,000.
Pension Auto Enrolment
The additional responsibilities surrounding pension auto enrolment can really add to the workload.
If you employ at least one person aged between 22 and state pension age who earns 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). Automatic enrolment is your legal duty and if you don’t act in time you could be fined.
Once you have fulfilled your auto enrolment duties you are required to complete declaration of compliance within 5 months after your duties start date.
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 running payroll for all your employees, we are here to support you every step of the way.
Give us a call to find out more or contact us using the form below and we’ll get in touch with you within 24 hours.