Looking for PAYE Advice in the Kingston upon Thames area?

Pay As You Earn (PAYE) is the system under which employers deduct an amount of income tax and national insurance contributions (NICs) from employees' wages, salaries, pensions and so on, in accordance with PAYE codes, tables and other instructions given by HMRC.

If their employees' earnings reach the national insurance lower earnings limit, employers have a legal obligation to operate PAYE. This can be a complex process, which involves:

  • Calculating and deducting PAYE income tax from employees' pay
  • Deducting employee Class 1 national insurance contributions (NICs)
  • Recording deductions
  • Paying employer Class 1 NICs to HM Revenue & Customs
  • Showing tax and NIC deductions on an employee's payslip
  • Paying the deductions to HMRC within set time limits

Starting up in business?

As soon as you take on an employee, you need to contact HMRC and ask them to set up a PAYE scheme for you/your business. Upon registration, HMRC will send you guidelines, including a number of forms with which to operate the PAYE and NICs system.

This may seem complicated, and indeed operating a PAYE scheme can be difficult. Alderwick James & Co in Kingston upon Thames can help to save you time and by looking after your PAYE records for you.

Let Alderwick James & Co relieve the PAYE burden

Our experienced team of tax experts can maintain your PAYE records and ensure that your business is compliant with the PAYE and NIC regulations. The Kingston upon Thames team at Alderwick James & Co can also help you to:

  • Set up a PAYE system and register for PAYE
  • Comply with the necessary regulations.
  • Determine an individual's employment status
  • Administer your payroll and PAYE

From April 2013, HMRC is introducing a new way of reporting PAYE, called Real Time Information (RTI). Under this system, employers must submit information about the payments and deductions they have made when or before each payment is made, instead of at the end of the tax year.

Dealing with PAYE can be a gruelling process for business owners. As specialist providers of PAYE services, Alderwick James & Co in Kingston upon Thames can help by maintaining your PAYE records on your behalf, while ensuring that your payroll operates in line with the necessary obligations, including the new requirements of Real Time Information.

Please contact us if you wish to discuss PAYE and business tax or need PAYE advice in Kingston upon Thames and the surrounding areas.