Payroll is an important part of any business, because what business can function without it's staff?
The constant changing tax rules and requirements of a company regarding payroll make running payroll a time consuming and challenging task.
At Emporium we keep up to date with all of the current rules and legislation to ensure that your payroll is completed quickly and correctly so you can worry about running your business. We have prepared a variety of different payroll solutions for companies from the single director being paid once a year to large companies running payroll for numerous employees.
Employers obligations include registering for a PAYE (Pay As You Earn) scheme with HM Revenue & Customs and via that scheme deduct tax and national insurance contributions from employees salaries. There is also now the auto-enrolment requirements for pensions and how the employer must offer a pension scheme to most staff, even in situations you wouldn't believe. We can manage the whole process and complete this all for you.
All employers must now report their payroll information online using a full payment submission (FPS) for each pay period. Every employee’s earnings must be reported on or before each payday, not just summarised at the end of the year under HMRC's Real Time Information (RTI) reporting requirements.
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