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Payroll & RTI Submissions

What is Payroll?

Payroll is the process that businesses go through to pay their employees. This involves calculated gross wages and salaries and making the correct deductions for income tax, national insurance, pension, etc.

Why is it so important?

Businesses are required to keep records of payroll and PAYE for each employee for at least 3 years.

 

On top of this each time you pay your employees you must report to HM Revenue and Customs the amount each employee is paid and how much is deducted.  

Payroll Services:

For a business looking to have employees and a payroll, finding where to start is often difficult. We aim to guide you through the processes of become PAYE registered and then work with you to produce weekly or monthly RTI submissions along with payslips and P60s.

 

Keeping record of all employee payments so you do not have to. Setting up new employees is simple – we simply need a starter form completed or a P45 from a previous employer.

For those involved in construction, we also handle all necessary filings needed for subcontractors (CIS 300) and contractors (EPS submissions for Limited Companies).

We can help you take the stress out of handing your company payroll and give you the time to focus on the aspects of your business that DO require your attention.

 

Get in contact now to find out how we can help with payroll for your business down below.

Our Services:

  • Registering your business for PAYE and payroll with HM Revenue and Customs

  • Calculating employee payments from gross wages ad deductions

  • Submitting RTI submissions to HM Revenue and Customs, monthly or weekly

  • Ensuring your business is compliant with any regulations regarding PAYE

  • Providing payslips and P60s to employees including directors.

  • Your employees’ holiday pay, SSP (Statutory Sick Pay), SMP (Statutory Maternity Pay) and student loan deductions

  • Unlimited payroll help and advice throughout the year from your dedicated Payroll Clerk

  • Automatic email reminders to let you know when your payroll is due, reducing the risk of penalties being issued for late filing

  • We correspond with HMRC on your behalf

The ways in which we can help you...

We care about you and your business hence why we go above and beyond for all our clients

Business Startup Support

Starting a new business can change your life. We provide support in order for you to get your feet off the ground.

Bookkeeping & Cloud Accounting

We love working with cloud based software which allows your financial information to be accessible by you and us 24/7.  

Personal Tax

Self-Assessment Tax Return service for individuals helps to ensure your return is completed on time and efficiently

Payroll & RTI Submissions

Any business that has employees will need to run a payroll and submit RTI to HMRC on each payday

VAT and Indirect Tax

We complete VAT returns on a monthly, quarterly or annual basis for clients, helping putting your mind at ease over VAT

End of Year Accounts Preparation

Year end accounts often form the basis of your Self Assessment tax return and provide a valuable insight into your business

Construction Industry Scheme

We work with contractors to make sure they understand their obligations and remain  compliant throughout the process.

Business Tax

Navigating your corporation tax returns can be compared to negotiating a minefield.

HOW CAN WE HELP?

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MALAIKA BUSINESS AND FINANCE LTD

298 Green Lane,

Ilford, IG1 1LQ

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