Chartered accountants - business advisors services Merseyside Wirral Cheshire North Wales

Payroll

The firm offers a full and comprehensive payroll bureau service.

The services can include the following:

Production of weekly and/or monthly payslips from information provided.
Direct payment of net pay through the internet, should this be required.
Calculation of PAYE and National Insurance payments due on a monthly basis based on the payroll, production of payslips to HM Revenue & Customs.
Checking tax codes applied to employee's payslips.
Advising on Statutory sick pay, maternity and paternity pay the employer is responsible for.
Advising on the statutory minimum wages requirements.
Advising on holiday pay requirements.
Assistance with contracts of employment.
Liaison with ACAS on employers' behalf
Assistance with starters and leavers (and, where necessary, redundancy advice) — preparation of P45's.
Ensuring correct entries are made in the employers' records for all the payroll amounts.
Preparation on employers' behalf of all year end documentation including P35 and P60 and if required P11d's.
Dealing with the Construction Industry Scheme requirements including calculating amounts to be deducted from contractors and paid to HMR&C.
Telephone availability of our payroll department together with Directors to deal with queries throughout the year.
Provision of firm quotes of our fees to be agreed in advance of the services being provided

Employers are able to pick the service they would like to receive from the above choices and at which point a specific quotation will be prepared based on the items chosen.

The full integration of the payroll department with the rest of the firm ensures that there is always a cross transferring of information between each department and full knowledge of the facts being generated.

New PAYE Late Payment Penalties

PAYE Payments — New HMRC Rules Regarding Penalties For 2010/11

From 6 April 2010 HM Revenue & Customs (HMRC) will charge penalties on PAYE and NICs that is paid late.

The late payment penalties apply to all employers and contractors - whether you employ one or several hundred employees or subcontractors. They apply to monthly, quarterly and annual periods of PAYE starting on or after 6 April 2010.

HMRC charges late payment penalties on PAYE amounts due that are not paid in full on time, including:

Monthly, quarterly or annual PAYE (Pay As You Earn)
Student loan deductions
Construction Industry Scheme (CIS) deductions
Class 1 National Insurance contributions (NICs)
Annual payments of employers' Class 1A and Class 1B NICs

How the New Penalties will Work

From May 2010, penalties will become due in the following circumstances:

More than one of the in-year PAYE payments due is late in any tax year, or
Any payment is over 6 months late.

The penalties for in-year late payments are as follows:

Payments less than six months late:

No of times payments are late in a tax year	Penalty percentage	Amount to which penalty percentages apply
1	No penalty	Total amount that is late in the tax year (ignoring the first late payment in that tax year).
2-4	1%
5-7	2%
8-10	3%
11 or more	4%

Payments more than six months late:
If an in-year payment is more than six-months late, there will be a penalty of 5% on the unpaid amount.

If the payment remains outstanding for more 12 month after the due date, there will be a further penalty of 5% on the unpaid amount.