Payroll

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Whether you employ only a handful of people or a large workforce, dealing with the payroll and ensuring compliance with employment legislation, and avoiding possible fines, can be yet another burden and concern.

The saving in time and effort alone is worth it. Once we have taken on your commitments, you should have no more than a couple of e-mails to deal with: we will prepare the payslips, make the payments and look after all the associated paperwork.

 

Our payroll service includes all of the following:

• Tax and National Insurance advice
• Weekly / Monthly / Quarterly or Annual payroll and payslips
• CIS payroll and subcontractor payroll services
• Directors payroll and benefits advice
• Full HMRC regulatory compliance including P11D, P14, P35, P45, P46 and P60 completion and submission using HMRC accredited payroll software
• Full compliance with statutory requirements including PAYE, NICs, SSP, SMP, SPP, SAP, student loan repayments, holiday pay and attachments of earnings


Are you aware of Automatic Enrolment?

This new Pension legislation came into effect from October 2012 although most Companies will not yet have reached their staging date. When you do, you will need to assess your workforce on an ongoing basis and they may be eligible to be auto enrolled into a pension scheme with employer contributions.

In general terms Auto-enrolment applies to all those organisations that employ people, regardless of the number of people they employ.

More specifically, Auto-enrolment relates to all employees aged between 22 and the state pension age, who currently earn more than £10,000 per year and who are not already in a qualifying workplace pension scheme.

For employees aged under 22 or over State Pension Age (SPA), should they wish or request to be part of enrolment then an employer must allow them to do so. There is no requirement for the employer to pay minimum contributions if such employees earn less than £5,772.

 

How much are the contributions?

 

There is no minimum employee contribution. There is a minimum total of 2% of qualifying earnings of which the employer must pay 1%. If the employer chooses to pay the full 2%, say through salary exchange, then there is no minimum due from the employee. If the employer limits its contribution to its legal minimum then the employee will pay the balance.

The contributions payable relate to earnings bands ranging from, at present, £5,772 up to a maximum of £41,865. Therefore there is a ceiling for total payments under Auto–enrolment.

If, like many organisations and employers, you don’t have a pensions scheme in place then you will need to find one. Such schemes include the National Employment Savings Trust (NEST), which has a public service obligation to accept all employers that apply to join it. This obligation is regardless of employee numbers or the overall value of contributions.

 

Happy processing your own payroll?

 

If you are happy processing your own payroll but perhaps need an experienced team to give you an overview or provide advice on how your payroll could be run more efficiently, contact us we will be delighted to help .

 

Tax Concept