Payroll is a task which can never be forgotten or left late as it will not only result in your employees not being paid on time but could also lead to a fine from HMRC if your PAYE payments are late. Not only will you receive penalties for late PAYE payments but also for the late submission of the relevant full payment schedules. A full payment schedule (FPS) is the form that has to be submitted online every month to HMRC or every time an employee or director is paid.
You must ensure that all of your employee details are 100% correct otherwise the FPS forms will be rejected if you do not have all of the required details it could cause the FPS to be late.
Not only is all of the above highly important, The Workplace Pension is now another task that can never be forgotten or put off. This is a legal obligation of all employers large or small. Every employer will need to look at their staging in date and ensure they have everything in place. All employers need to be aware that this will be a very time consuming task.
It is challenging for businesses keeping up to date with the increasingly complex demands of administration and making sure you meet your obligations as an employer.
PH Accountancy can relieve you of this stress and complete the payroll on your behalf. We will ensure all of the requirements are met and the correct forms are submitted on time.
Please call us on 01227 277667 for further information.
PH Accountancy can relieve you of all the stress associated with completing HMRC compliance. We will ensure all of the requirements are met and the correct forms are submitted on time.01227 277 667