Payroll is an important part of every business that has employees or businesses thinking of employing staff. You must be registered as an employer with HM Revenue & Customs (HMRC) if you wish to have staff at your business. Once the registration process has gone through and you are approved you an then operate a Pay As You Earn (PAYE) scheme, A PAYE scheme allows you to deduct Income Tax and National Insurance from your staff.
Administering your payroll can be a difficult and time consuming job, you must file monthly employer forms, pay the deductions to HMRC, keep up-to-date records and be aware of all legislation.
Here at Square accountants Norwich we offer a fixed rate fee for our payroll services, you will find that this service is highly competitive with other Norwich Accountants and covers the following: