Payroll (P.A.Y.E)

Payroll is something that every business has to sort at some point. It’s true to say that it can get a little tricky if you’re not well versed in how taxation works. But, you don’t have to be because we are here to offer you the payroll services you require.

What Is P.A.Y.E?

P.A.Y.E or Pay As You Earn is the system in which the government collects income tax and National Insurance contributions from employees. When you pay your employees, you need to ensure that deductions have been made for P.A.Y.E. Keeping your payroll records up to date and in order is essential to ensuring that you can prove you have paid the correct amount in tax, or that none of your employees earn over the threshold to be eligible.

Why Does It Need To Be Handled With Care?

This is an extremely complex system, and it has got to be handled with the utmost care. The ramifications of getting this wrong can be extremely costly to your business, and to the individual if something goes wrong with their taxes. Luckily for you, you don’t have to worry about this because that is exactly what we are here for. We are an experienced taxation and accounting company who understand the ins and outs of the P.A.Y.E system, ensuring that everything is completed properly and thoroughly.

Get in touch with us today if you are interested in learning more about our payroll services.