National Insurance & PAYE
As an employer, it is your responsibility to correctly determine the employment status of your workers – that is, whether they’re employed by you or self-employed. This depends on the terms and conditions of your working relationship with each worker. With HMRC increasingly challenging the employment status of workers, we can also review those who work for you - including sub-contractors - to ensure that they have the correct employment status.
Employment status is important because it affects the way tax and National Insurance Contributions (NICs) are calculated for each worker. It also determines whether or not you have to operate a PAYE scheme on their earnings. PAYE (Pay As You Earn) is tax that is deducted at source – that is, from payments made to employees.
If you need assistance with PAYE matters, or if you wish to outsource your payroll services to us, please contact Helen Simpson
Running a payroll can be time-consuming and complicated and divert resources from the core activities of your business. Integra can help by installing payroll software and training your staff. Outsourcing this activity is another option, which helps relieve the pressure and Integra can offer cost-effective outsourcing solutions. We are able to provide the complete service, whatever the size or complexity of your business, or simply provide support when needed.
Automatically enrolling eligible workers into a qualifying Pension scheme will now affect all employers regardless of the size of the organisation. With the introduction of a scheme there is generally an expected increase of 30% in time required to run and process your payroll correctly each pay period due to the administrative duties this entails. We can offer a comprehensive service to ensure you are fully compliant with The Pensions Regulators instructions.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01455 238 551. Or if you would prefer, ask us a question online.