Do NOT underestimate the importance of being an Employer!

Becoming an employer means you take on a very important role for HMRC.

  • You become responsible for collecting taxes from your employees and paying them over to HMRC.
  • You must use submit Real Time Information (RTI) to HMRC at the correct times. Failure to do so will result in penalties.
  • You must use the correct tax code for each employee. Many people are not even aware of the correct emergency code to use.
  • If you don’t keep HMRC up-to-date with your employee’s status and benefits, you can also expect penalties.
  • It is your responsibility to correctly calculate statutory payments for Sick Pay, Maternity Pay and Paternity pay and you must deduct the correct amounts of student loans, where applicable.

 As part of our payroll service we will:

  • Provide you with weekly or monthly payslips.
  • Provide you with a payroll summary each week or month, showing you exactly how much you have paid out for that month (including taxes).
  • Complete the Real Time Information (RTI) and submit to HMRC.
  • Ensure that all calculations for Student Loans, SSP, SMP, SPP and SAP are correctly made.
  • Complete the year end process for you –including issuing employees with year end forms P60 and final RTI submissions to HMRC.
  • Complete P11d and P9d Expenses and Benefits forms and submit them to HMRC.
  • Complete the Car Benefits forms for HMRC when your employees take on or change their car.
  • Deal with all Starters & Leavers requirements – forms and on-line submissions to HMRC.
  • Set up a new payroll scheme for you with HMRC, if you decide to take on employees.
  • Take over an existing payroll scheme which either you or someone else has been running for you.
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