Payroll and Real Time Information

If your business employs people, then you must register for a payroll scheme.

This will enable your business to keep a formal record of the income tax and national insurance collected by the business, and to be reported to HM Revenue & Customs.

With increasing automation, HM Revenue & Customs are demanding reports be filed more frequently (RTI is such an example here), and payroll is no exception. The introduction of auto-enrolment pensions is another example of increasing reporting, being linked to payroll.

We can manage this aspect of your business on your behalf.

If in doubt, talk to us.

Tax Local Accountants – for your small business needs – 01279 216 000.