Payroll

Payroll is a crucial aspect of business, encompassing records of salaries, wages, bonuses, National Insurance Contributions, and PAYE for employees. As an employer, you have a legal obligation to calculate and maintain records of your employees' salaries and deductions. Furthermore, you are required to notify HMRC when a new employee joins or leaves your organization. At the end of each tax year, you must provide HMRC with details of full pay and deductions, as well as furnish employees with a record of their payments and deductions.

At Tika Accountancy, we understand the importance of payroll and offer comprehensive payroll services to meet your obligations. Using HMRC-recognised payroll software, we ensure accurate calculation of salaries and deductions, submission of information to HMRC in real time, and preparation of year-end PAYE reports. Our services provide peace of mind, ensuring compliance with legal requirements and timely payroll management.

Our services generally include:

• Data entry

• Tax calculations

• National Insurance

• PAYE

• RTI provided to HMRC

• Payslips

• Official documents, e.g. P45, P60 and P11d

• Reports

• End of year summary