PAYE in Canary Wharf and London
We offer a professional and competitive PAYE and payroll service for businesses. The quoted price is just for a director/employee, final price depends on the total number of employees. This service can be bought as part of full accounts service as well.
Usually you will be required to provide the:
- employment records of your company’s staff
- P45s of the joining staff, or
- other relevant documents
∗ The price is from £100 for director/employee
We offer a professional and competitive PAYE and payroll service for businesses in Bromley, London, Kent and nationwide. Starting from £100 for the first employee, we will charge about £50 for each extra director/employee. Final price depends in the total number of the employees. We will cover payroll, NIC, Statutory payments, yearend returns, etc. Planning is included in the PAYE and payroll service at no extra cost. We will help you claim all the available tax reliefs for your business, and to pay the minimum amount of tax required by law. We can advise you in all areas of taxation, such as Business tax, Payroll, VAT, Income tax, Property tax, Inheritance tax, Capital Gains and many more.
As an employer, it is your responsibility for operating PAYE and National Insurance (NI). You need to know certain statutory payments you may have to make from time to time.
These statutory payments include:
- statutory sick pay (SSP)
- statutory maternity pay (SMP) and
- ordinary statutory paternity pay (OSPP)
- shared parental pay (ShPP)
Employers, or their agents, are generally required to make regular online payroll submissions for each pay period during the year. These submissions should be done on or before the date they are paid to the employees. The submissions detail payments made to and deductions from employees.
PAYE tax and NI
The PAYE tax which is due for a particular employee is calculated by reference to their gross pay with a deduction for their tax-free allowance. The tax-free allowance would reflect their circumstances (using their coding notice and the pay date). The remainder of the pay is subject to tax.
NI is payable by the employee and the employer on the employee’s gross pay for a particular tax week or month. Different from tax, NI is calculated on a non-cumulative basis.