Since HM Revenue have introduced Real Time Information (RTI) this can be a very time consuming exercise. This basically mean all employers who are registered for Payroll now have submit their employees payroll information RTI means to HMRC on or before making the payments to the employees. However we at The Accountants Firm are always up to date with the changes set by HMRC and along with is we always use HMRC approved payroll software so you do not need to worry about any aspect of the payroll.
We take care all aspects payroll like whether you need to be registered for payroll, whether employees are eligible to be added to payroll. Depending on how you pay your employees we can calculate all figures that relates around the payroll such net pay for employees, calculating the tax and personal NI along with company NI on every employee. We can do this all year around and to make life even more stress free we relay this information to HMRC on time, to you and provide wage slips. Along with this we can file end of year returns for each employee and produce P60s for them.
All of this is very time consuming especially since the introduction of RTI which no doubt takes up important and valuable time. We take care of all the payroll services end-to-end without costing you a fortune.