We see no reason why a business shouldn’t have complete peace of mind when it comes to payroll. We can manage the setting up of payments, PAYE registration and making sure all correspondence is sent to the right people at the right time. We’ll also help you manage and set up workplace pensions and necessary filings along with the production of payslips, P60, P45s and P11d benefits.
What does this service include?
Set up of payroll scheme
Register the business as an employer with HMRC and once successfully registered you will receive a PAYE reference number
Processing of Payroll
Preparation of salary summaries (weekly, fortnightly or monthly), payslips sent to employees individually and once the payroll is finalised, it is sent to HMRC via the Real Time Information (RTI) portal.
Work place pension requirements
Your business will be provided with a staging date to enrol and will register with a provider who will manage the scheme, we can provide you with options. Monthly calculations are prepared and uploaded the scheme provider and contributions are taken via direct debit on a monthly basis.
Notice of Coding
Management of PAYE tax codes to ensure you and your employees are being deducted the correct amount of tax.
End of year P60
Production of end of year P60 for you and your employees confirming the amount of tax you have paid in the relevant tax year.
Production of P45 forms should your employees leave the business, these are required by the new employer to confirm tax paid to date and the relevant tax code is used.
Processing of P11D benefits
Submission of end of year report to HMRC for each employee you’ve provided with expenses or benefits.
All of the staff are characters with lots of personality. Different from your typical Accountant in that they are readily available and will return calls within minutes.Simon Penn, Simon & How Associates Ltd
What sectors commonly use this service?
Just as we at Versa are more than just accountants, we understand the fluidity of the businesses we work with, and the vast array of sectors in which they operate.
Want to make an enquiry?
We value conversation and have built our businesses around it, so please don’t hesitate to get in touch. Whether it’s a business enquiry or just an obscure question you need help answering, we’d love to hear from you.