Pay As You Earn (PAYE)

 As an employer you have a huge responsibility to ensure that your staff are paid accurately and on time.

Personal allowances, National Insurance contributions and other considerations such as Student Loan deductions, pension contributions and Attachment of Earnings orders can all affect how much your staff get paid and it’s important that you get it right.  A member of staff who has been paid incorrectly could find themselves facing top-up National Insurance payments to protect their rights to certain benefits, additional interest charges or even a reduction in next year’s tax allowance to reclaim underpaid income tax.

Our specialist Payroll division can help you with:

  • Calculating your wages and providing payslips (weekly or monthly as required)
  • Filing your PAYE returns and advising you of amounts due to HMRC (and when)
  • End of year returns
  • Statutory entitlements for employees who are sick or pregnant
  • Student Loan and other deductions
  • Pension contributions
  • Regulatory specific to your industry

It may also be possible to reduce your National Insurance liability (and help your staff to pay less tax) by operating salary sacrifice schemes, whereby an employee receives a specified benefit in lieu of payment.

Getting your payroll right can save you a lot of hassle from employees and prevent you falling foul of the many rules and regulations governing how you pay your staff.

Contact us to find out more about how we can help you to reduce the burden of PAYE and arrange a free, no obligation interview with one of our professional advisors.

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