Payroll

Running you companies payroll can be a daunting task. That is why at Merranti Accounting, we offer to provide this service for your business. Stephen Watts and his team will be able to release some of the pressure off your business when organising your employees Pay.

If you are an employer that operates with PAYE as part of your payroll you need to make sure that you;

1. Record your employee’s pay, which includes their salary and other means of payment.
2. Calculate deductions from their pay, such as Tax and National Insurance
3. Calculate your National Insurance contribution that you pay when an employee earns in excess of £157 a week.
4. Produce payslips for each employee.
5. Report their pay and deductions to HMRC.

However, if you pay an employee less than £113 a week, you will usually only need to record and report their pay.