Payroll
Payroll run on time, every time, with the pension and HMRC filings done
From a single director to a team of fifty. Payslips, RTI submissions, pensions, statutory pay and year end forms, all handled. From £25 a month.
Who this is for
From one director to fifty staff
Directors paying themselves a salary, businesses taking on their first employee, established employers who want payroll off their plate, and contractors in construction who need CIS handled alongside PAYE.
Payroll is the one job where being late is immediately visible to everyone who works for you, so it is diarised, run to your cut off and never left to the last day.
Included in
- Up to two people in Company Growth
- Up to ten people in Company Premium
- Director only scheme from £25 a month
- £5 per employee per pay run beyond the included number
What we do
Every part of paying people
Regular payroll
Weekly, fortnightly, four weekly or monthly. Gross to net calculations, payslips to a secure portal, Full Payment Submission and Employer Payment Summary filed with HMRC, and a summary telling you what to pay staff and what to pay HMRC.
Pensions and auto enrolment
Assessment of every worker, scheme set up with NEST or another provider, contributions calculated and uploaded, re enrolment every three years and the declaration of compliance filed with the Pensions Regulator.
Director payroll
Salary set at the level that works with your dividend plan and the current National Insurance thresholds, reviewed each April when the rates change.
Statutory pay and leavers
Sick pay, maternity, paternity and adoption pay, student loans, attachment of earnings orders, P45s and starter declarations.
Year end and benefits
P60s by 31 May, P11D and P11D(b) for benefits in kind by 6 July, and the move to payrolling benefits as HMRC phases it in.
CIS alongside PAYE
Subcontractor verification, deduction statements, monthly CIS returns and the set off of CIS suffered against your PAYE bill.
How it works
A simple monthly cycle
You send changes
Hours, starters, leavers and anything unusual, by an agreed date each period.
We run it
Payroll sent to you for approval, then payslips issued and HMRC and pension filings made.
You pay
One summary showing what to pay staff, what to pay HMRC and what goes to the pension provider.
Questions
Frequently asked
Do I need payroll if I am the only director?
If you take a salary, yes. Most directors do, because a salary up to the National Insurance threshold is deductible for Corporation Tax and keeps your state pension record intact.
What is the Employment Allowance?
A reduction of up to £10,500 a year in employer National Insurance for eligible employers. Companies where the only employee is a director paid above the threshold do not qualify. We check and claim it where you can.
Can you take over from another provider mid year?
Yes. We need the year to date figures from your previous payroll and can be running by your next pay date.
How do staff get their payslips?
Through a secure portal they log into, or by password protected email if you prefer. Payslips are never sent as plain attachments.
What about the 15% employer National Insurance rate?
Employer National Insurance is 15% on earnings above £5,000 a year. It has made the Employment Allowance and the optimum director salary worth reviewing, which we do every April.
Ready to hand it over?
Book a free 30 minute call and we will tell you exactly what we would do and what it would cost.
Or just pick up the phone
+44 7456 385980info@taxmesh.co.uk
