Accountants for Payroll in Ealing, London

Accurate calculations and tax planning for Payroll services can bring a significant positive impact on your business cash flow. Our team of professional Payroll Accountants proudly provide excellent payroll services and free up your time of extensive reporting to HMRC and keeping up to date with HMRC legislation and tedious payroll calculations and taxes. We use BrightPay, Moneysoft and other payroll software depending on our customer’s business needs.

As an abbreviation, PAYE stands for ‘Pay As You Earn’. It is a system of paying income tax and national insurance contributions to HMRC. The amount of tax is deducted by the employer from the wages of the employees before they receive it. This needs to be reported to HMRC on or before each payday. As part of your regular reports, You are also required to report any changes in monthly payroll such as ‘new employee joins’,’ Sick pay’, ‘change in salary’, ‘change in employee’s pension’ or even’ maternity & paternity pay calculation’. Apart from monthly payroll compliances, you are also required to report HMRC on an annual basis about all the expenses and benefits.

Our payroll experts 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 these compliances.  

We offer complete Payroll services and offer;

• We offer PAYE registration.
• We produce customised payslips on a weekly, monthly and annual basis.
• We ensure you are up to date with Real Time Information (RTI), Full Payment Submission (FPS) and Employer Payment Summary (EPS) submissions and avoid any fines.
• We produce completed payroll form for your employees such as P45, P46, P11D, P60 etc.
• We analyse and calculate your employer allowance (if you are entitled to this).
• We calculate and submit the employee’s statutory sick pay (SSP), statutory Maternity Pay (SMP), Student loan deductions and pension contributions etc.
• We send out the payslips via emails with your company logo (where provided).

Autoenrollment

This is an initiative by the UK government, which requires every eligible employee to automatically enrol into a pension scheme. All employers must offer workplace pension schemes. However, your employees can opt-out should they not wish to continue with this contribution.

Our professional Chartered Accountants and Tax Advisors have many years of experience in the auto-enrolment compliances and pension services including;

• We ensure you complete your ‘declaration of compliances’ when required.
• We set up the pension schemes for you.
• We submit monthly contributions through payroll on your behalf
• Advising on statutory changes on contributions

To read more on this topic, please click on “Auto-enrollment”.

The Construction Industry Scheme (CIS) is introduced by HMRC that 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 payroll experts support you by offering a low fixed monthly fee and complying above on timely manners.

To read more on this topic, please click on the “Construction Industry Scheme”.