Payroll and workplace pensions administration services
As an employer operating PAYE as part of your payroll, you need to complete certain tasks during each tax month. Tax months run from the 6th of one month to the 5th of the next.
The majority of the private sector businesses in the UK don’t employ any staff (because they’re one-person firms). For those that do, paying staff is essential. Laws dictate how tax and national insurance must be deducted, payslips issued, records kept and returns sent to the taxman. All of these requirements are grouped together under the heading of payroll.
A simple payroll may have just one employee paid the same monthly salary; a complex payroll may have many staff, paid different amounts each week, with frequent joiners and leavers.
One way a small business can organise its payroll is to outsource it to a specialist payroll firm. It can be comforting to know that your payroll is in the hands of a specialist, particularly for complex payrolls.
How Assent Accountants Can Help
We provide a complete range of payroll and workplace pensions administration services, no matter the size of your business or the number of employees – we even process payroll for directors only.
We can prepare your wages on a weekly/monthly/fortnightly basis, submit by Real Time Income (RTI) to HMRC and will automatically email payslips and employer summary reports for each reporting period.
We will make the correct workplace pension deductions and upload the contributions to your workplace pension provider for each reporting period, if necessary.
We will process the P60s and reconcile your PAYE/NI liability at the year end.
We can process P11d’s to declare any Benefit’s in Kind
We pride ourselves in making sure we have access your online account regularly so we deal we any potential queries with HMRC before they arise.
We will prepare your accounts and process your tax calculation in a timely manner to ensure you have fully transparency throughout the year.