If you’re a limited company or have people working for you, you need a PAYE scheme for payroll. PAYE is the means by which employers collect tax and national insurance from their staff’s wages on behalf of HMRC. There may be other deductions too, like student loan repayments or pension contributions.
The system is quite complicated, with deadlines for payments and year-end returns. That’s why many of our clients ask us to run the monthly payroll for them. It protects you from mistakes, and is one less thing to worry about.
Don’t forget that every employer now has to enroll those who are eligible into a workplace pension scheme and contribute towards it. We can look after this for you, too.