Payroll involves the calculation and payment of each employee’s wages/salary and the related deductions, such as PAYE, NIC, Student loan etc to HMRC. G Salomon & Co provide a comprehensive service whereby we liase with you regarding pay information, calculate the tax and other deductions due, submit PAYE returns to HMRC on your behalf and inform you of amounts payable to your employees and to HMRC.
By law, at the end of each tax year details of most expenses payments, benefits and facilities provided to employees and directors during the year must be provided to HMRC on form P11D. Examples of such benefits include mileage allowances, living accomodation, cars, vans and fuel, interest free and low interest loans, relocation expenses, private medical insurance etc. Contact us to arrange completion of your P11D form(s).