Payroll Services in Ilford, Essex From JR Accounts

Payroll Services

The very thought of operating a payroll system can be a rather daunting one. And since employees depend on regular, accurately calculated income, getting it wrong can lead to problems on payday and even long-term discontent.

We remove the pressure of payroll

Our expert payroll Ilford team understands all aspects of the payment process. Leave it to us to take care of every little detail, making sure that your employees are paid on time while you concentrate on the core task of running your business. Here at JR Accounts, we’re taxation experts, which means we’re available to assist you with all your PAYE and off-payroll tax enquiries.

Should your business find itself the target of an HMRC tax investigation, we’ll always have your back. Ultimately, we’re here to help you get your finances in good shape, in order that your company is able to flourish, whether it's a start-up or an existing business.

Our payroll services include:

Registering businesses as employers with Her Majesty’s Revenue and Customs (HMRC)
Real Time Information (RTI) – an enhanced way of submitting employee Pay As You Earn (PAYE) information to HMRC
The provision of payslips, P45s, P60s, etc.
The calculation of PAYE liability – the deduction of tax and national insurance contributions, etc.
The administration of statutory payments, including Statutory Sick Pay (SSP) and Statutory Maternity Pay (SMP)
The facilitation of Employment Allowance – where applicable, this enables employers to reduce their National Insurance liability
The administration of P11D – a P11D form reports expenses and benefits received by directors and employees that aren’t PAYE tax-deductible
The administration of Construction Industry Scheme (CIS) returns, whereby money deducted from the payment of subcontractors is passed onto HMRC
The correct implementation of IR35 (where applicable) – we’ll ensure your contracts are accurate and consistently reported.

Find out more about our payroll services in Ilford

Please click on the Contact us tab at the top of this page to discover how to get in touch with our payroll experts in Ilford at JR Accounts.

There are certain tasks that must be completed when operating a payroll system. Pay for each employee must be recorded, and any deductions such as tax and National Insurance Contributions (NICs) must be calculated. HMRC will also need to be paid the relevant tax and NICs.

Your in-house accounts team can prepare payroll, or you can use a payroll accountant to perform the service on your behalf. Many people choose this option because it ensures all calculations are made accurately by a professional.

The responsibility for payroll depends on the size of the company. Many businesses have an HR or accounts department with employees that are responsible for payroll, but in smaller organisations, the senior management or directors may be responsible. Ultimately, the responsibility for paying employees on time lies with the business, whether they outsource payroll to an accountant or not.

Yes – all employees must be included on payroll, whatever their earnings. Their hourly pay and salary, plus any overtime, bonuses or commissions must be recorded, as well as maternity pay.

Payroll is a vital part of any business. It’s the process by which employees are paid, and covers the recording of payments to employees and the payment of taxes to HMRC. It’s key to ensure this is done correctly to avoid penalties.

Your Full Payment Submission (FPS) should be sent to HMRC on or before your employees’ payday. If sent late, you could incur a penalty from HMRC. Failure to pay your employees on time could mean a breach of contract, for which they could sue. By investing in payroll services, you can ensure that employees will always be paid on time, and that your FPS is submitted on time.

You can run payroll within your business, but using a payroll accountant can save time and effort. Your accountant can set up the relevant, HMRC-compliant software, calculate payments and deductions that are due, and ensure all payments are made on time.

PAYE can be set up by yourself. To do this you would need to register as an employer with HMRC and get a login for PAYE Online. You’ll then need to choose a compliant payroll software, and collect and record employee details, pay and deductions. These must then be reported to HMRC on or before each payday. Any tax and NICs that you owe will need to be paid too.

Many businesses find that although PAYE can be done in-house, it’s more convenient to employ an accountant to provide payroll and employee tax services.

Payroll is calculated by determining gross pay, then deducting any taxes and National Insurance Contributions (NICs) that need to be made. If the employee is paying off a student loan, a deduction for this will need to be made too. Since the calculations for each employee need to be completely accurate, many businesses choose to use a payroll accountant to make the calculations on their behalf.

Payroll