Payroll is one of the most crucial parts of any business operation, the government requires you to collect Tax and National Insurance (NI) under the Real Time Information (RTI) Pay as you earn (PAYE) system.
HM Revenue and Customs have a regimented penalty scheme for all businesses and individuals that fail to comply or operate their schemes correctly.
Complications can include:
- Processing under the RTI rules
- Statutory maternity and paternity pay
- Student loan repayments
- Processing statutory sick pay
- Family tax credits
- Deductions before and after tax
- Dealing with staff whose pay is incorrect
Cameron, Ferriby & Co offer a full payroll service ensuring all your payroll and employee information is kept safe and secure. Alternatively we can help set up your own payroll service and be available with help and advice as and when needed.