The proprietor of any small business will tell you that life is simple until the day when you take on your first employee, for it is then that you find what "red-tape" really means. You become an unpaid tax collector and may even be fined for accidentally getting it wrong or sending forms in late. The penalties which can be charged for failing to properly apply the PAYE and NIC regulations are amongst the most stringent on the tax statute book. Failure to comply can ruin a business, and as always, ignorance of the law is no defence.
Actually, dealing with payroll should not be particularly difficult. The Inland Revenue provides each employer with comprehensive manuals, flowcharts, help-cards, tax tables, free pay tables, national insurance tables and a stack of forms ready for completion and submission.
The problem is that, quite rightly, most business people have neither the time nor the inclination to wade through all the paperwork given to them. Nor do they have the time to perform all the necessary calculations and complete all the legal forms simply to be able to pay the weekly or monthly wages.
Cindele Ltd will be pleased to relieve you of this burden and offers a complete and cost-effective payroll service. We will make all the calculations, complete all necessary forms and advise you of what to pay and when. You can get on with running your business in the knowledge that experienced professionals are making sure that the payroll is calculated properly and that your business complies with the law. We will deal with the Inland Revenue on your behalf and make sure that all forms are completed accurately and are submitted by the due date.
Our services in this area cover:
- Processing Payroll
- Bonus, commission and other additional pay schemes
- Maternity and Statutory Sick Pay
- Pension scheme adjustments
- Supply security payslips and advise on how much PAYE and NIC to pay the Inland Revenue
- Electronic payment of employees salaries if required
- Tax efficient remuneration planning
- Dealing with the Inland Revenue
- Advising you of the legal requirements for offering stakeholder pensions to your employees
- Preparing forms P45 when an employee leaves
- Preparation of year-end returns P35 and P60/P14’s, and filing with the Inland Revenue in advance of the statutory deadlines
- Performing PAYE/NIC reviews prior to a control visit
- Preparing forms P11d and calculating class 1a NIC liability
- Advising you in relation to the payroll implications of IR35