PAYE Scheme
As a new employer, you will need to set up a Pay As You Earn (PAYE) scheme with HMRC in order to submit Income Tax and National Insurance payments for your employees.
Platinum One Accountants can assist you in the initial set-up of your PAYE scheme and manage your company’s payroll on a weekly, four weekly or monthly basis.
Fully understanding your business
For many businesses, payroll management and staying up-to-date with ever-changing payroll regulations takes up valuable in-house time and resources. This time could be more efficiently used elsewhere. By using the payroll service at Platinum One Accountants, you can be sure that your payroll will be prepared quickly, efficiently and above all accurately.
This will enable you to be compliant with HM Revenue & Customs requirements and deadlines: particularly in relation to the Real Time Information (RTI) requirements introduced in April 2013.
Your Payroll
We will produce your payroll at the desired frequency, calculating Tax and National Insurance deductions from your staff, as well dealing with issues including Bonuses, Holiday Pay, Pension, Statutory Sick Pay, Statutory Maternity/Paternity Pay and Student Loan deductions.
Confidentiality
Complete confidentiality in handling all employees’ pay, including directors’ payments.
Payroll Bureau
Our Payroll Bureau is also fully equipped to deal with payroll issues. For example, the requirement for businesses to enrol eligible workers into a workplace pension scheme. We provide a dedicated outsourced fully managed payroll and advice service to all industry sectors.
Statutory Forms
We will also prepare all the statutory forms required, including P11D’s, relating to expenses and benefits in kind.