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How Do I Handle Payroll for My Employees?

  • Writer: Harvey Brown
    Harvey Brown
  • Nov 24, 2024
  • 1 min read

Payroll Made Easy: A Guide for Small Businesses


Managing payroll can seem challenging, but with the right tools, it becomes straightforward.


Step 1: Register for PAYE


Employers must register with HMRC as an employer before hiring staff. PAYE ensures correct Income Tax and National Insurance deductions from employee wages.


Step 2: Choose Payroll Software


Use HMRC-recognized payroll software to calculate salaries, deductions, and pensions. Tools like QuickBooks, Sage, or HMRC’s free Basic PAYE Tools are great options.


Step 3: Submit Reports


Each payday, submit a Full Payment Submission (FPS) to HMRC, detailing employee payments and deductions.


Step 4: Pension Contributions


Ensure compliance with auto-enrollment pension rules for eligible employees


Please feel free to get in touch and we would be more than happy to provide payroll services at a competative rate for your business,

 
 
 

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