What is PAYE?
PAYE (Pay As You Earn) is the system for paying your employees under your payroll. Payments made within the PAYE system include tax, national insurance, sick pay, maternity pay, pensions and more.
PAYE (Pay As You Earn) is the system for paying your employees under your payroll. Payments made within the PAYE system include tax, national insurance, sick pay, maternity pay, pensions and more.
Duties as an employer include, but are not limited to:
And much more...
As you can see, there are a lot of rules to adhere to, and failure to keep up with your duties can result in some hefty fines which nobody wants. Since 2010 HMRC have been cracking down on late payments -- handing out fines if you don’t manage to submit on time. If you hire us, we take on the burden of keeping everything in good order. Free your time up for more important things within your business and become more efficient.
Ensure your business is running smoothly by hiring us.
The staging period for pension schemes has come and gone almost a year ago now. All employers employing anyone twenty-two with a minimum wage of £8,105 annually must provide a pension scheme to their employees by law. Failure to provide a pension fund for PAYE employees can result in unwanted fines. If your employees are eligible for auto-enrolment in a pension scheme, but you withhold it from The Pensions Regulator, they may catch up with you and issue a fine.
There are many pension scheme portals available online now, and you need to make sure you find a reputable provider since you will be inputting all wages to it and want to make sure the experience is as intuitive and smooth as possible. Alternatively, you can hire us to, among many other things, manage your payroll scheme. Our software makes pension submissions a breeze; fast and accurate. We would reccomend:
Pensions are mandatory and must looked after. Allow us to carry out the necessary administration for your scheme and keep you stress-free.
