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Giving you the freedom to grow your business, whether you have one or one hundred employees.
When you make the decision to hire your first employee, the financial responsibilities of your business become even more complicated, but this should not detract from your growth. We remove this burden from your shoulders, so that you can reinvest your time into training new employees.
Our PAYE Reporting service keeps HMRC updated on your employees pay and deductions in line with the law.
We keep your business fully compliant with RTI (Real Time Information) with accurate and timely RTI filing.
We provide comprehensive auto-enrolment pensions service covering onboarding, advice & management of data.
Our Payroll Accountants ensure your employees receive their payslips on agreed timelines established for your business.
Our Payroll Accountants ensure you remain in line with payroll legislation by managing PAYE reporting, RTI filing, auto-enrolment pensions and payslips for your employees. You can rest assured knowing your employees are receiving their hard salary, whilst your business commits itself to fulfilling its legal responsibilities as an employer.
Walton Accountancy have a whole team supporting payroll, so when you call our office, you can speak directly with a payroll specialist right away. In addition to having an account manager, you’ll also have your own dedicated payroll specialist—someone who consistently handles your payroll reporting and is always available to answer your questions.
Got questions about our payroll services? Find quick answers to the most common queries below.
Employers are required to pay 15% employers national insurance contributions on their employees’ earnings above £5,000.00. If you qualify for the employment allowance, the first £10,500 employers NI will not be payable. Other costs include Holiday pay, sick pay, pensions and employers’ liability insurance.
Every employer in the UK must put their eligible staff into a workplace pension and pay into it. An employer must contribute a minimum of 3% of their employee’s salary. Walton Accountancy can assist with setting up and administering your auto-enrolment pension scheme and manage the monthly submissions and payments.
Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP), Statutory Adoption Pay (SAP), Statutory Parental Bereavement Pay, Statutory Holiday Pay and Redundancy Pay.
As an employer, you are responsible for calculating and deducting PAYE income tax and National Insurance contributions from your employees’ salaries before paying them. Regardless of how often you pay your employees, each month, your accountant will provide you with a P30 payment summary. This summary details the total amount of income tax, as well as both the employer’s and employee’s National Insurance contributions, which are all payable to HMRC in a single payment.
A tax code is a series of letters and numbers used by HMRC to tell your employer how much income tax to deduct from your earnings. HMRC uses your current income information to estimate your total tax liability and adjusts your tax code accordingly to collect the correct amount through monthly deductions. Common tax codes are £1257L – Represents your tax-free personal allowance—the amount of money you can earn each year before paying income tax. BR – Basic rate tax (20%) applied to all earnings. 0T – No personal allowance is being applied (usually for a 2nd job).
We provide a full range of accountancy services that are adapted to suit the needs of your business.