Becoming an employer is a good idea, but employing people involves a variety of legal, tax and administrative consequences. So businesses employing people must be prepared to consider:
- Employer liability insurance
- Employment contracts
- PAYE tax administration
- Staff handbook containing disciplinary, grievance and complaint procedures
- Health and safety issues
- Registering with the information commissioner, and finally
- The impact on your cash flows
Administering a small business payroll can be time-consuming and burdensome. The growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance make it all the more difficult. So even if you have only a few employees, it will make good business sense to have an outsourced payroll function. Our payroll services include:
- Initial PAYE tax registration with HM Revenue & Customs
- Monthly small business payroll production, including payslip production
- Payroll accounting and summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments
- PAYE tax administration, national insurance, statutory sick pay, statutory maternity pay, etc
- Filing statutory forms including employer annual returns
- Liaising with HM Revenue and Customs in relation to payroll matters and enquiries
- Production of P11D's and other documentation
- Specific PAYE tax advice on the most efficient way to make payments to your employees
Please
contact us for a free initial consultation on our payroll services and our
bookkeeping services