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When I started my business I knew I needed professional help. Outsourcing my payroll allowed me to concentrate on my own business...all I have to do now is pay me and the revenue

- its effortless.

Andy Moore,
Pink Connect

 

New start up business – want to outsource?

Starting your own business can be an exhilarating yet challenging time and becoming an employer can add unexpected responsibilities too.

Cox & Co. understand that new business owners sometimes find the process of recruiting and meeting their legal and statutory obligations confusing or worrying – that is where we can help.

 

Who should run a PAYE scheme?

Limited Companies
Some Directors choose to pay the bulk of their income via dividends from profits. However, they may still pay themselves an amount up to their NI threshold to ensure their NI contributions are kept up to date on an annual basis.

Limited companies that have employees (including directors and secretaries) must be registered for PAYE and therefore are required to run a payroll system. This will include producing calculated payslips, RTI PAYE remittances and year end filing with HMRC.

From as little as £10.00 per month, we can register as your PAYE agent, calculate your payroll on an agreed cycle and ensure that all your statutory payroll obligations are fully met. Leaving you to concentrate on what you know best – your new business.

Call us now to discuss your payroll requirements

Taking on your first employee

PAYE Schemes for New Employers

In order to register your organisation as an employer you will need to collate the following information:

• your name and address and contact telephone number
• a contact email address if you're registering by email
• your National Insurance number
• your Unique Taxpayer Reference
• the name of your business and its trading address
• the type of business you run
• the name, address and contact information for your accountant.

 

We will ask for the following information about your employees:

• the date you took on (or will take on) your first employee
• how many employees you will have
• the date of your first pay day
• how often you will pay your employees

 

We also need some details about your payroll:

• the address from which your payroll is run
• the name, address and contact telephone number of whoever looks after your payroll

 

If you're using simplified PAYE procedures for domestic employees, we need:

• the name and address (including postcode) of each employee
  
• their date of birth
  
• their National Insurance number
  
• the nature of their employment with you

 

If your business is structured as a partnership, we require:

• the names and address of each business partner
  
• their National Insurance numbers
  
• their Unique Taxpayer References
  
• your LLP number if your business is a Limited Liability Partnership

 

If your business is a limited company, we will ask for:

• the company's date of incorporation
• its company registration number
  
• the address of its registered office
  
• the names, addresses and private telephone numbers of all company directors
  
• the National Insurance numbers of all company directors
  
• the Unique Taxpayer References of all company directors

 

Require some help? Contact us now to discuss your payroll requirements