For small businesses especially, payroll can be difficult to manage yet it is very important to pay your staff correctly and on time.
There are many different factors to consider in payroll including pensions, various deductions, e-payslips, holiday pay and staff benefits. The payroll information has to be sent electronically using HMRC RTI compliant system. The best way to avoid mistakes is to outsource or use an accountant or payroll bureau.
Question in mind?
If your question is not answered on this website, feel free to contact us and we will be happy to help.
If I only have 1 employee do I need to run payroll?
It is a legal requirement to comply with the PAYE regulations as an employer, therefore yes, you do have to run payroll.