CHARTERED
ACCOUNTANTS FOR PAYROLL SERVICES
IN LONDON

Are you a business looking for a payroll services from a qualified accountants in London?

Our team of highly skilled experienced accountants provide top notch payroll services for small to medium size businesses accross london and UK.

Accurate calculations and tax planning for Payroll services can bring a significant positive impact on your business cash flow. Our team of payroll accountants proudly provide payroll services professionally and free up your time of extensive reporting to HMRC and keeping up to date with HMRC legislation.

We use award winning cloud based payroll software to meet our clients payroll compliances.

Our comprehensive PAYE service include dealing with RTIs, EPS, FPS, Providing P60s, P45s, Auto enrollment, P11Ds and other HMRC compliances.

What is payroll (PAYE)?

Payroll is normally referred to employees getting paid by their employers. This usually involves income tax, National Insurance and pension calculation and submission. Employers operate under pay as you earn ‘PAYE’ system introduced by HM Revenue and Customs ‘HMRC’. It can be very time consuming and complicated when calculating the net wages or salary for employees cosidering sick pays or even maternity or paternity pay rules. Our experts take full responsibility of payroll and deliver this in most tax efficient and professional manners.

What do we offer in Payroll

Our payroll advisors will analyse your business and payroll needs and offer a bespoke payroll package. They fully understand all the PAYE rule and regulations laid down by HMRC and ensure you are on top of all compliances.

Our services include;

• PAYE registration.
• Producing customised payslips on a weekly, monthly and annual basis for our clients.
• Ensuring you are up to date with Real Time Information (RTI), Full Payment Submission (FPS) and Employer Payment Summary (EPS) submissions and avoid any fines.
• Producing completed payroll form for our clients and their employees such as P45, P46, P11D, P60 etc.
• Analysing and calculating your employer allowance (if you are entitled to this) to reducing your tax liability.
• Calculating and submiting the employee’s statutory sick pay (SSP), statutory Maternity Pay (SMP), Student loan deductions and pension contributions etc.
• Sending out the payslips via emails with our clients’ company logos (where provided).

Payroll (PAYE) registeration and Real Time Information (RTI) submission to HMRC

You normally need to operate PAYE as an employer with HM Revenue and Customs (HMRC) when employ the staff for your business or use subcontractors for your construction industry business. Please you will have to register for PAYE if you are employed by your own business as a ‘limited company director’.

Please note you must register for PAYE before the first payday. You will receive PAYE reference number upto 15 working days.

Once you are registered, you will need to run monthly payroll run and submit RTIs. This is real time information on what you have paid to your employees. HM Revenue and Custom needs to receive this on or before the date you pay your employees.

Our team of expert Payroll accountants will register you and process paylips and  RTIs with other compliances for you.

Auto enrolment pension compliances

As an employer you must provide a workplace pension scheme to your employees. You will have to automatically enrol your staff into a pension scheme and make contributions considering the eligibility crieteria. This is referred as ‘automatic enrolment’.
Our professional accountants for auto enrolment pension have many years of experience who will help you setting up workplace pension scheme with Nest provider or pension provider of your choice. They will look after all monthly pension submissions and compliances.

Payroll and Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) was introduced by HMRC which dictates contractors to withhold taxes of subcontractors under certain constructions contracts unless subcontractors are registered to receive the gross payments. This needs to be reported through payroll on a monthly basis.

The calculation can be very tricky, difficult and time-consuming. Again our CIS experts accountants will support you in complying above on timely manners.

Payroll or PAYE compliances

PAYE registered business must submit their RTIs on time. HM Revenue and Customs can charge you a penalty percentage applied to the amount that was paid late. If yoiu receive a penalty, you are required to pay within 30 days of getting the notice. Alternatively you will have choice to appeal against the penalty where you do not agree with HMRC’s decision. Majestic Accountants in London have proactive approach of client reminders and meeting deadlines for submitting the payroll etc. Our qulified experienced payroll advisors will also support you to deal with penalties or in the online PAYE appeal process.

What do our customer say about us

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