As an employer, you need to deduct income tax and National Insurance contributions (NICs) from your employees' pay and submit the deductions to HMRC. PAYE (Pay As You Earn) is the HM Revenue & Customs (HMRC) system for collecting income tax from the pay of employees, including directors, as they earn it. PAYE also applies to Statutory Sick Pay, Maternity Pay, Paternity Pay, Adoption Pay and various expenses and benefits that employees receive from you. The system is also used to deduct student loan repayments. It is very important to make PAYE payments on time and correctly as a penalty can be charged if you fail to do so. We have dedicated staff who can relieve you of this burden by providing a comprehensive and confidential payroll service, including:
Administration National Insurance, Statutory sick pay, Statutory maternity pay, etc
Completion of statutory forms, including year end returns (to Inland Revenue and Employees)
Summaries and analyses of staff costsnies
Administration
of pension schemes
and holidays
Self Assesment for Self Employed and Members of Partnership
Director's personal tax return
On-going tax and accountancy advice throughout the year
Company financial health check
Producing of financial statements for Companies House and Inland Revenue
Price and Fees of Payroll service depends on size of your business. Please contact our accountancy department for advice and quotation. Please sent your
enquiries to
info@companyinuk.co.uk.