PAYE
Registrations
Simplifying Payroll: PAYE Registrations with NEWTON Tax Advisory Ltd
Payroll. It’s the lifeblood of your business, ensuring your employees receive their salaries on time and accurately. However, managing PAYE (Pay As You Earn) registrations and taxes can be a complex puzzle, leaving you with more questions than answers.
That’s where NEWTON Tax Advisory Ltd steps in. We’re your trusted partner in the UK, taking the guesswork out of PAYE registrations and ensuring smooth payroll operations for businesses of all sizes.
What is PAYE Registration?
Pay As You Earn (PAYE) is the UK system for deducting income tax and National Insurance contributions (NICs) directly from employee salaries before they are paid. If you employ staff, you are legally obligated to register for PAYE and manage their payroll deductions and reporting.
Why Choose NEWTON for PAYE Registrations?
- Expertise Matters: Our team of experienced payroll specialists and tax advisors have deep expertise in UK PAYE regulations, minimizing errors and ensuring compliance.
- Streamlined Registrations: We handle the entire PAYE registration process for you, from gathering information to submitting forms to HMRC, saving you valuable time and resources.
- Compliance Confidence: We stay up-to-date with the latest PAYE rules and regulations, keeping you in the loop and ensuring your business stays compliant.
- Ongoing Support: We're not just here for the initial registration. We offer ongoing support and guidance throughout your payroll journey, answering your questions and addressing any concerns.
PAYE Registrations: Key Steps:
- Eligibility Assessment: We’ll assess your business’s eligibility for PAYE registration and advise on the best course of action based on your specific circumstances.
- HMRC Registration: We’ll handle the PAYE registration process with HMRC, ensuring all necessary information is submitted accurately and on time.
- Employee Payroll Setup: We’ll help you set up your payroll system, including employee details, tax codes, and deductions.
- Real-time Information (RTI) Filing: We’ll ensure you comply with RTI, electronically reporting payroll information to HMRC every payday.
- Year-End Reporting and Returns: We’ll guide you through year-end payroll processes, including filing P60s and P11Ds, and preparing your final accounts.
Beyond the Basics:
- Auto-enrollment Pensions: We’ll help you understand your auto-enrollment pension responsibilities and set up your workplace pension scheme.
- Payroll Audits and Reviews: We offer regular payroll audits and reviews to identify any errors or discrepancies and ensure ongoing compliance.
- Software Integration: We can integrate your payroll system with your accounting software for seamless data flow and efficient recordkeeping.
Focus on Your Business, Leave the Payroll to Us:
Don’t let the complexities of PAYE registrations and payroll management weigh you down. Partner with NEWTON Tax Advisory Ltd and let our experts handle it all. We’ll ensure your employees receive their salaries accurately and on time, while giving you peace of mind knowing your business is compliant with all UK regulations.
Let NEWTON Tax Advisory Ltd take care of your PAYE registrations and payroll management, allowing you to focus on what you do best – running your business.