If you have employees, pay slips need to be provided to them before you pay them their salary. Administration of payroll can be a complex process on a very recurring basis and expensive to employ anyone competent who can perform it with confidence.
NATIONAL INSURANCE/PAYE
Having an employee means that you collect NI and Paye from employees and pay your IN as an employee. The calculation has to be done correctly and pay to HMRC timely manner. On or before your employees’ payday, by using software, you need to record their salary/wage, calculate deduction and employer’s NI, produce payslips and report their pay and deductions to HMRC
OFF-PAYROLL WORKER
The off-payroll working rules can apply if a worker (sometimes known as a contractor) provides their services through their own limited company or another type of intermediary to the client. Different rules apply to this type of worker. These rules are sometimes known as ‘IR35’
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According to the Pensions Acts 2008, employers in the UK must put eligible staff into a workplace pension scheme and contribute towards it. This is called automatic enrollment. Regardless of what you do at what level, the day you employ anyone from that day the automatic duties begin.
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