The proprietor of any small business will tell you that life is simple until the day when you take on your first employee, for it is then that you find what "red-tape" really means. You become an unpaid tax collector and may even be fined for accidentally getting it wrong or filing late.
The problem is that, quite rightly, most business people have neither the time nor the inclination to wade through all of the HMRC guidance given to them. Nor do they have the time to perform all the necessary calculations to be able to pay the weekly wages.
Kings Accountancy will be pleased to relieve you of the burden. You can get on with running your business in the knowledge that experienced professionals are making sure that the payroll is calculated properly and that your business complies with the law. We will deal with the HMRC on your behalf and make sure that everything is done in a timely manner.
We offer clients a comprehensive payroll service including:
- Calculation of weekly/monthly gross remuneration
- Calculation of income tax and National Insurance deductions
- Advice on calculating statutory maternity pay, statutory sick pay etc.
- Preparation of weekly/monthly payslips and e-payslips
- Electronic filing of PAYE returns
- Compliance with RTI
- Compliance with Pensions Auto Enrolment
With the new law on workplace pensions, every employer is affected. Use the Pensions Regulator's staging date calculator to confirm the date your automatic enrolment duties start. Kings Accountancy offers a comprehensive service to look after your new employer's duties for workplace pensions.
PAYE AND NI PAYMENTS
It’s unfortunate, but like it or not, as a business manager you are the Treasury's unpaid tax collector. Not only do they not pay you to perform this vital role in the economy, but if you get it wrong they will penalise you!
The penalties which can be charged for failing to properly apply the PAYE and NIC regulations are amongst the most stringent on the tax statute book. Failure to comply can ruin a business, and as always, ignorance of the law is no defence.
For payroll we can make all the calculations, complete all the forms and tell you how much to pay and when. We also deal with the PAYE Inspector and the DSS Inspector if required.
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