Payroll

Payroll involves more than calculating salaries. Employers must keep accurate records, calculate PAYE tax and National Insurance contributions, provide payslips and report relevant information to HMRC when employees join or leave.

Employers must generally report employees' pay and deductions to HMRC on or before each payday through Real Time Information (RTI). Year-end responsibilities include completing the final payroll submission and providing a P60 by 31 May to employees who were still employed on 5 April. Employee expenses and benefits may require separate reporting.

At Tika Accountancy, we use HMRC-recognised payroll software to process payroll and submit the required information to HMRC. We help you understand the amounts payable and the relevant deadlines, with services tailored to your business.

Our services can include:

• PAYE employer registration

• Regular payroll processing and payslips

• PAYE tax and employee and employer National Insurance calculations

• Workplace pension automatic enrolment administration, contribution calculations and submission of contribution data to pension providers, where agreed

• RTI submissions to HMRC

• Processing starters and leavers, including P45s

• Year-end payroll reporting and P60s

• Payroll summaries and payment information

• P11D and P11D(b) preparation and submission, where required and agreed

The services included and the information you need to provide will be confirmed as part of our agreed scope of work.