Payroll


Running your own payroll can be both time consuming and complicated and it can divert resources from the core activities of your business. With the introduction of RTI (Real Time Information) employers must report details of amounts paid to employees and the corresponding deductions, on every pay run as opposed to at the end of the financial year.

Taxwise Accountancy offers a comprehensive and confidential payroll service regardless of the size or complexity of your business at a fixed cost. We use our years of experience to ensure that the Payroll function is run correctly, on time, every time. Our Payroll services include the following:

  • We also provide P35, P60′S & P11D’s. Alternatively we can produce the end of year returns from your own records and assist with correct completion of P11D’s for employee expenses and benefits
  • Set up of the payroll scheme
  • Prepare weekly, fortnightly or monthly payrolls for your business which includes the preparation of payslips for your employees and summaries and analyses of staff costs
  • Administer all statutory requirements including PAYE tax, National Insurance, Statutory Sick Pay, Statutory Maternity Pay and Student Loans
  • Email electronic payslips and P45’s for employees
  • Arrange automated BACS payment to your employees
  • Provide management summary on each pay run and detail payments required for HMRC
  • Online submission of all information to HMRC on every pay run, including CIS returns, in accordance with RTI
  • Electronically submit your P35 and P11D’s at year end to HMRC even if we do not prepare your payroll
  • Prepare and email P60’s to your employees at the year end.
  • Advice on Tax and National Insurance matters
  • Experienced and friendly Helpdesk support and advice

We can assist by installing payroll software and training your staff to use it or by outsourcing the payroll function to us which can be a cost effective solution. To discuss which services would benefit your business, please contact Taxwise Accountancy today

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