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.
PAY 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 an SME 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 PAY tax registration with HM Revenue & Customs.
Monthly SME businesses payroll production, including payslip production.
Payroll accounting and summaries and analyses of staff costs.
Administration of incentive schemes, bonuses, and ex-gratis and termination payments.
PAY 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 inquiries.
Production of P11D's and other documentation.
Specific PAY tax advice on the most efficient way to make payments to your employees