Everybody likes to be paid!
How can we assist you?
In most cases, you will need a PAYE scheme when you employ people to work for you.
By outsourcing your payroll to HB Associates, you remove the burden from your own staff. As a result, the business gains an additional level of confidentiality when running their payroll offsite.
Need a payroll scheme set up? Not a problem, we can get this sorted for you with HMRC. In addition, we can also set up the relevant systems to run your payroll through.
Since October 2012, it has been a requirement for all employers to offer a workplace pension.
As an employer, you must automatically enrol your employees into a pension scheme and make contributions to their pension if the following apply:
Employee classed as a worker
Employee aged between 22 and state pension age
Employee earned at least £10,000 per annum
Employee usually (ordinarily) works in the UK
Let us help you make sure your business is compliant.
If your business offers employees benefits, a P11d may be required for the tax year. Above all, the business will be liable to Class 1A national insurance.
Therefore, a P11d will need to be submitted by 6 July following the tax year in question.
Lastly, benefits that give rise to a P11d benefit are, but not limited to:
Company cars, vans, bikes and fuel
Overdrawn director’s loan accounts by more than £10,000
Discounted services or goods
Vouchers (including childcare vouchers)
Low cost loans
Professional fees and subscriptions
Devices available for personal use
In conclusion, not all benefits give rise to a P11d benefit that needs to be reported.
We can point you in the right direction and make sure that you are reporting all that you need to be!