Where wages are paid to employees, as opposed to the proprietor(s), then they must be reported to the HMRC on-line before the time of each payments. This is known as the wages RTI (Real Time Information) system and there are penalties if not properly complied with.
The only exception to the mandatory use of RTI is where all wages payments are below a certain threshold and all employees are able to nominate you as being their main employer. If one employee fails this test then the RTI scheme must be used – and must be used for all employees.
Payroll preparation is becoming increasingly complicated, but we can handle all aspects of wages and salary payments from input of gross wages, through to calculating PAYE/NI deductions and to preparation of the employees’ payslips and the on-line RTI notifications. We will produce P45’s if required and the end of year P60’s.
Payrolls can be weekly or monthly and the software we use ensures that we are fully compliant with HMRC statutory requirements.
We can set up new payrolls and take over existing ones.
Where necessary we will deal with registration of the Payroll with HMRC.
