The importance of PAYE registration.

As soon as you take on a member of staff for your business, you must register for PAYE, this means that you must deduct Tax and National Insurance Contributions (NICs) of all members of staff and pay them over to HM Revenue and Customs each month.

PAYE (Pay as you earn) can be a minefield. It’s not just a matter of handing over a sum of money to an employee. There are a lot of things you need to take into consideration when operating a PAYE scheme, such as weekly or monthly deductions of Tax and NICs, statutory Sick pay (SSP) and Maternity Pay. Student Loan Deductions and Attachments Of Earnings may also need deducting from certain members of staff. It’s worth remembering that HMRC can issue hefty penalties to those business’ that do not comply.

Outsourcing your Payroll to SW Payroll Services will remove this complex and often time consuming part of your weekly or monthly routine. We can quickly and efficiently register your business for PAYE as soon as you know when you will be paying a member of staff for the first time, then we can operate a weekly or monthly scheme to suit your business needs. All on-line filing will be taken care of and payslips can be sent direct by e mail. Not forgetting that your year-end P35 will also be completed and filed on-line with HMRC. All of this is included in the fixed monthly fee starting from just £10 per month.

Please e mail zara@pahaccounting.com for more details.