Payroll/PAYE

Payroll services including PAYE (Pay As You Earn) are offered by Zero Tax Accountants. Employers utilise the PAYE system to deduct income tax and national insurance contributions from an employee’s pay before paying them. The administration and processing of employee salaries, wages, bonuses, and deductions are managed by payroll services.

Employers can get help from Zero Tax Accountants with the following PAYE and payroll-related tasks:

1. Registering and setting up PAYE: Obtaining the required Employer PAYE reference number and registering the company with HM Revenue and Customs (HMRC) are part of this process.
2. Calculating and deducting income tax and social security contributions: This entails figuring out how much tax and social security should be withheld from employee wages and making sure that the withholding is done appropriately.
3. Managing employee payroll: Includes processing salaries, wages, bonuses, and deductions for employees as well as making sure that all payments are handled accurately and on schedule.
4. Managing Employer and Employee Pension Plans: This involves signing up employees for pension plans, making payments on their behalf, and keeping track of their contributions and pension benefits.
5. Filing PAYE and National Insurance returns: This entails putting together and sending the required returns to HMRC as well as making sure the company is in compliance with all applicable rules and legislation.
6. Maintaining accurate records: We are able to keep the HMRC-required accurate records of all employee payroll and pension data.
7. Representation: In the event that questions or problems occur, we can represent you before the HMRC.

Zero Tax Accountants can assist firms in managing their payroll and pension obligations effectively and ensuring compliance with relevant laws and regulations by offering these services.