Simplify your workplace finances with our secure London payroll services, covering auto-enrolment, payslips and monthly HMRC RTI submissions.
Reliable and secure payroll management for your team.
Payslip production: generating weekly or monthly digital payslips
HMRC RTI filing: submitting Real Time Information updates seamlessly
Auto-enrolment: managing workplace pension deductions and registrations
Statutory calculation: processing sick pay, maternity pay and student loans
Leaver processing: issuing P45 forms and managing final payments
An employer must operate PAYE as part of their payroll, which involves the precise deduction of taxes, National Insurance and pension contributions, as well as the timely submission of these deductions and mandatory reports to HM Revenue and Customs (HMRC). PAYE or Pay As You Earn is HMRC's system for collecting Income Tax and National Insurance from employees' earnings. This ensures that tax contributions are automatically deducted from wages. When business starts employing staff, they must register for PAYE if an employee:
is paid £96 or more a week
receives expenses and company benefits
is getting a pension
has had another job
has received a Jobseeker's Allowance, Employment and Support Allowance or Incapacity Benefit
This requirement applies even if an only director of a limited company is the sole employee. Registration cannot occur more than two months before it begins remunerating employees and must be completed prior to the first payday to obtain an employer PAYE reference number, which will be provided in writing.
If registration is not required, maintaining payroll records is still essential.
JT Bookkeeping and Accounts offers comprehensive payroll services for London businesses that are initiating or expanding their workforce.
Confused by HMRC deadlines?
Let us handle your payroll while you focus on your business. Get in touch with our London team today.