Payroll: Fixed and variable salary employees

The Naylor Accountancy Way...

If your business employs staff you will need to file payroll reporting with HMRC via RTI and ensure Auto Enrolment Reporting. Getting it wrong is not an option. If you use Xero or QuickBooks we can help make sure you get it right.

Running payroll can be a time consuming and confusing monthly chore – Why not let us take all of that off your hands, leaving you free to look at the bigger picture

How can we help?

Our payroll service prepares and then files your company payroll to HMRC via RTI, along with the auto enrolment.

It also send secure payslips to your employees.

In addition we advise clients on opportunities to reduce their PAYE bill.

An example is the £4k employers’ allowance that is currently available to reduce your employer’s national insurance bill.

So how does it work?

  • We email you prior to the month’s payrun to see if there were any changes to the payroll, i.e. increase in salaries, new joiners or leavers
  • We will chase until we get a response unless you are the only employee as a director
  • If there have been changes to the previous month’s payroll we will confirm that you are happy with them before we send out the payslips
  • We then submit the payroll to HMRC via RTI and report any auto enrolment pension contributions
  • We electronically send out payslips to your team. This is done securely, and password protected in compliance with GDPR
  • We electronically send out any P45s securely and password protected, again in compliance with GDPR
  • Once a year in April we will electronically send out P60s securely and password protected and of course in compliance with GDPR. We do this after submitting final FPS or EPS to HMRC
  • For new employees we will set them up on your payroll and ensure that auto enrolment compliance is carried out if we are doing this for you

P11d's - What are they and how do we manage them?

If you provide expenses and benefits to employees or directors, you might need to tell HMRC and pay tax and National Insurance on them.

If you provide benefits to your employees – cars, private medical insurance, gym membership, etc – we will prepare and file the annual P11D form to HMRC.

Examples of expenses and benefits include:

  • Company cars
  • Health insurance
  • Gym membership
  • Travel and entertainment expenses
  • Childcare

You’ll also need to submit a P11D(b) form if:

  • You’ve submitted any P11D forms
  • You’ve paid employees’ expenses or benefits through your payroll
  • HMRC have asked you to - either by sending you a form or an email

Your P11D(b) tells HMRC how much Class 1A National Insurance you need to pay on all the expenses and benefits you’ve provided.

More financial control services

VAT Returns
Not just filing a bunch of numbers!

Our 6 step approach to our client VAT Returns.

Confirmation Statement
Helping you get it right

Filing your confirmation statement (annual return) with Companies House.

Google Testimonials

Brilliant, informative, supportive, proactive and super approachable. Naylor Accountancy have really made running my business easy and efficient, I would happliy recommend them to anyone!

Naylor Accountancy have been my accountants for 8 years now. They are supportive and always available when I have queries. A trusted company to help support me and I highly recommend them.

Very efficient and competent service, and always happy to answer any questions I have.

I recommend Naylor Accountants very highly and without hesitation. I could not have run my business without them. Excellent service and very personable. I trust them explicitly with all my financial affairs. You won’t find better.

Have worked with Nikolai, Andy, Leslie and the team for over 5 years - through good years and not so good years. They've always been easy to contact, supportive and knowledgable - sorting through the ever changing HMRC, Companies House, accounting systems and more - at speed and with a smile.

🖐️
Payroll: Fixed and Variable Salary Employees

Talk to us about your concerns and aspirations. What needs looking at within your business?

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