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Growing a business requires staff to handle additional workload and bring new skills into the business. At this stage, a payroll system is needed to manage staff wages and tax requirements but it can be time consuming and complicated.
Knowledge of employee circumstances can often change as do tax codes and working contract variables. Payroll information includes PAYE reporting for the employer and pension details, statutory options and National Insurance for the employee.
We offer an experienced payroll bureau to support you with a fully outsourced and confidential service. With minimal input from you, we can organise and run your entire payroll function, no matter what size your business is, to include:
- Payslip production including e-payslips
- BACS and automatic bank payments
- Pension contributions and auto enrolment compliance
- Liaising with new starters and leavers
- Issuing P45s to leavers
- RTI reporting to HMRC
Payroll Bureau Services at a glance
Payslip production including e-payslips
BACS and automatic bank payments
Pension contributions and auto enrolment compliance
Need help with payroll services?
To discuss how our payroll services could support your business please call 01782 744144 or ask a question online.
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Payroll news and articles
Are you employing seasonal winter staff?
In the run up to the winter holidays, you may be considering taking on additional temporary staff to help with the workload. While these staff may only be with you for a short period, you still need to consider them for pension purposes each time you pay them. Staff need to be put into a pension scheme based on their ages and how much they earn. This applies to family members too.
Businesses count the cost of increases to Employers National Insurance – What will it mean for your payroll?
From 1 April 2025, the rate for Employers National Insurance (NI) will increase from 13.8% to 15%. At the same time, the level at which employers start paying national insurance on each employee’s salary will be reduced from £9,100 per year to £5,000. The combination of these two changes means a potentially significant increase in payroll costs for businesses.
Updated interest rates and repayment thresholds for student loans announced
The latest annual update to Student Loan interest rates was made last week by the Department for Education. Different rates and thresholds apply depending on the type of student loan and the new rates will apply from 1 September 2024 to 31 August 2025.
Have you checked your tax code?
Prior to the tax year starting each 6 April, HM Revenue and Customs (HMRC), will issue new tax codes to employees, usually where there is a change of tax code. These tax codes, a series of letter and numbers, allow employers to deduct the right amount of tax to be deducted from each employee when the payroll is run.
Payroll reminder – minimum wage rates increase on 6th April
It is important to remember that the minimum wage pay rates are increasing with effect from 1 April 2024. Failing to increase to the new rates can result in penalties being charged.
Payroll reminder – National Insurance rate reducing from 6 April
From 6 April 2024, the 2% cut in employee national insurance contributions will come into effect. Employees will now be deducted 8%, rather than 10%, on monthly earnings between £1,048 and £4,189. A 2% deduction on earnings above this amount continues to apply.