Payroll

Payroll is one of the complex areas of accounts. The process of maintaining a proper Payroll system can be time consuming and expensive. We will help you to set up your payroll on Sage which is RTI compliant software. We will take care of all your PAYE, NI and various forms that are required to be filed with HMRC in regular intervals as per new regulation.

From 06 April 2013, you must report PAYE information in real time. You may see this referred to as Real Time Information - or RTI.

• P11 Deductions working sheet: This form (or a computer generated equivalent) must be maintained for each employee. It details their pay and deductions for each week or month of the tax year.
• P60 End of year summary: This form has to be completed for all employees employed in a tax year. Copies are sent to HMRC and also given to the employees themselves shortly after the end of the tax year.
• P14/P35 Employer’s annual return (now FPS/EPS): This is replaced by FPS (Full Payment Summary) and you’ve to submit each time you pay employees. All statutory recovery/adjustment need to be submitted by Employer Payment Summary (EPS) each month to inform HMRC what you owe.
• P45 Details of employee leaving: This form needs to be given to any employee who leaves and details the earnings and tax paid so far in the tax year. New employees should let you have the form from their previous employer. This form submission needs to be again taken care by FPS.
• P46 Notice of new employee: This form needs to be completed for new employees who do not have a form P45 and need to be submitted as a part of FPS.

Why Namaste Consulting?We provide both online and onsite service

• We are most competitive
• We are flexible in our fees and time with 24/7 service at short notice
• For onsite service we will help you to set up sage payroll on your system
• For online service we will ensure that all your payroll function are carried out at our premises and required forms/pay slips are delivered to your premises
• We will file all your returns on your behalf and make ourselves available for any visit form HMRC’s inspectors
• We also train your staff on various aspects of Payroll for a nominal fee
• We will also keep you informed about any changes to PAY, NI and any other related legislations.
• We will ensure utmost confidentiality and security of your data

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