Payroll | Murphy Thompson Moore LLP

Payroll

If you have employees, you will need to operate payroll. You can do this using a payroll bureau or you can ask us, as your accountants, to do this for you.

Payroll requires regular, efficient calculation of pay due and submission of payment information to HMRC on or before payment is made. The current system required by HMRC is called RTI. This stands for Real Time Information.

An added complexity of employing staff is that you now need to set up a Workplace Pension Scheme.  For many employers this can be a daunting prospect.  Considerable preparation is involved and if you have a “staging date” (which means you have been notified of the date by which you must have a work place pension in place by the Pension Service, you need to act now)

Payroll and set up of work place pensions are best handled by your accountant. There are a number of providers in the market and costs can vary significantly. So can the value of contributions to your employees eventual pension.

We recommend an early discussion with Murphy Thompson Moore so that we can assess your current position, determine if you need a payroll scheme and whether or not you need to have a work place pension.

We can run your payroll efficiently and in line with your normal pay frequencies. Our simple monthly fee covers all pay runs, leavers and joiners and end of year processing.

If you already have a payroll scheme and are considering a transfer, please be reassured that transfer of an existing payroll is handled by our team for you, leaving you free to concentrate on your business.

Positive SSL Wildcard