'Getting Started' Guides

It can be very daunting when you decide to start your own business; you will be confident in your own knowledge and ability to make your business succeed, but many people wonder where to start with regards to keeping records, who to contact, paying taxes, etc.

The following information is designed to ease your worries, by providing you with essential knowledge.

The Guides

Click on a link below, to view each subject on the right-hand side.

Once you're under way, you can think about the type of help you may require from us. Browse through our list of services, from the tab above, for more information and email us for a quote.

Payroll

When you employ staff, you must register with HM Revenue and Customs (HMRC) as an Employer and make the necessary deductions (PAYE, National Insurance, pension contributions, etc) from your employee's wages. There is no pay limit under which you do not need to register; if you employ staff, you must register.

You can pay your staff as regularly as you wish; many businesses pay their staff monthly.

There is an additional cost involved in paying staff, in the form of Employers' National Insurance. This means that the cost of employing someone, is more than just the gross amount you agree to pay them.

HMRC are currently providing an annual Employment Allowance to assist small employers in meeting their Employers' National Insurance obligations. Our payroll service includes this claim as part of our work.

You also need to consider the law on workplace pensions. Every employer is legally obliged to offer their employees a workplace pension, and to make employer contributions towards it, too (dependant on certain criteria).

Cash payments do not exempt you from registering with HMRC as an Employer, nor from making the necessary deductions from wages.

We would be happy to assist with all aspects of your payroll, including registering your business as an Employer, calculations, submitting the relevant reports to HMRC and carrying out Workplace Pension administration duties. Contact us for a quotation.