Payroll
Your business is expanding and you have decided to recruit a new member of staff into the business. Fantastic!
Congratulations on doing so well and on the new recruit, however, it essential that you keep up to date with the ever changing rules and regulations that come out almost three or four times a year. We ensure that you are kept informed on all the relevant rules and regulations that make a big difference to your business and save you from a potential litigation.
We also prepare your business’s weekly, biweekly or monthly payroll and produce your staff payslips, monthly payroll summaries and reports which we email your to pay your employees in time. we file the monthly and annual returns to HMRC on your behalf and Manage your company’s Pension Auto Enrollment duties. We integrate the relevant payroll costs into your management accounts and inform you of any tax liabilities to be paid to HM Revenue and Customs.
The Easy Cloud based Payroll will also alleviate the worries of taking on a new member of staff. We will assist with the engagement letter, the set-up of the pay structure and the allocation of the right start-up tax code.
PAYE in Real Time
From April 2013, HMRC are introducing a new way of reporting PAYE it’s called Real Time Information (RTI). We file FPS and EPS on your behalf, you would be able to access all the PAYE datas online from the comfort of your desk. The direct reporting system makes the payroll processing efficent and time saving. You will:-
- no longer need to report new starters to HMRC separately. Their information will be automatically sent when you report your payroll information;
- no longer need to report leavers as a separate process. You will still need to provide leavers with P45, but you will not need to report the P45 Part 1 information to HMRC. Instead, you will need to set their leaving date on their payroll record, this will ensure it is automatically sent next time you report your payroll information.
- need to include PAYE information for all employees, including those paid below the National Insurance Lower Earnings Limit;If an employee takes unpaid leave, you will need to set an irregular payment indicator when you make their final payment for that period (otherwise HMRC will assume they have left employment);
This sounds like a reality daunting process, however, The Easy Cloud Based System would let you deal with all the tasks and let you to focus on the bigger pictur of your company’s activities.
