Payroll services.
We are a firm of experienced Chartered Tax Advisers and Accountants based in central London. Our focus is on working with individuals and small businesses; helping our clients by providing a clear, expert and affordable service covering all areas of UK accounting and tax compliance.
Running a payroll can be complex and
care is required in order to avoid mistakes.
Making sure your employees are paid correctly and on time can be a challenge. Staying on top of tax codes, Pension Auto Enrolment and meeting Statutory Reporting requirements contribute to the complexity involved.
Who needs to run a payroll?
PAYE is HMRC's system to collect tax and National Insurance contributions from employees. If any of your employees earn more than £123 (2023/24) per week, receives benefits or expenses, is in receipt of a pension or has another job you must register for PAYE. Even if you don't register for PAYE you must keep accurate payroll records.
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What's involved?
As well as calculating an employee's tax and National Insurance contributions by ensuring that they are on the correct Tax Code, other complexities can include: maternity pay, sick pay and student loan contributions as well as pension contributions. Other complexities arise if you employ non-UK resident staff.
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What are my legal obligations?
As part of the monthly payroll process you must complete online filings with HMRC under RTI (Real Time Information) to submit the EPS (Employer Payment Submission) and FPS (Full Payment Submission). Employers must be able to provide employees with: P11d's, P60's, P45's as necessary. Also, broadly, employees who are over 22 years old and earning more than £10k annually must be auto-enrolled in a pension scheme.
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"Boxwood have been our accountants for a number of years and provide us with advice and support. We have always found the team helpful and professional. They are always available to chat through any questions we may have and we no longer worry about getting our tax filed on time."
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Peter at Curzon
Landscapes Ltd
Why not get some expert help with your accounting and tax?
You'll be surprised at how easy and affordable it is
to get the support you need.
How we can help.
We offer a fixed fee Payroll Service and can help ensure all of your employees are paid correctly and on time while taking care of all of your reporting obligations with HMRC.
Depending on your business requirements we can work with your existing accounting software or implement a Cloud based HMRC and GDPR compliant solution.
Running the Payroll
We will run the payroll on a timescale agreed with you and email payslips directly to employees or send to you for distribution. We will calculate all necessary additions or deductions.
Pension Auto-Enrolment
We can help you understand your obligations as an employer and check employee eligibility criteria. We will complete monthly submissions to your pension provider
Employee Documents
We will take care of all data entry for new employees and also handle any changes required e.g. change of name. As required we will issue P11D's, P60's and P45's
Submitting HMRC data
We will take care of monthly RTI submissions - EPS(Employee Payment Submission) and FPS(Full Payment Submission). We will also complete the Payroll Year End filing.
Finance Journal / Payroll Reporting
Depending on your business requirements we will provide monthly Payroll Reporting. We can also provide a Finance Journal for your accounting software
Payroll Software
We offer a completely complimentary initial consultation.
Why not give one of the team a call today to get
answers to any questions you may have.
WHAT PEOPLE SAY
"Boxwood have been our accountants for a number of years and provide us with advice and support. We have always found the team helpful and professional. They are always available to chat through any questions we may have and we no longer worry about getting our tax filed on time.
John at Bentley Consultancy Services Ltd
"The team at Boxwood have managed my personal tax return preparation and filing since 2016 and I have found them really helpful and approachable. They are always available to answer any questions and I would have no hesitation is recommending them."
Hans-Werner at
Deutsche-Hypo Bank
"The team at Boxwood have been our accountants since 2014 and have always been helpful and proactive. They help us with our VAT, payroll and year-end filings. They always remind us when there is an approaching deadline and we no longer have to worry about our accounting and tax."
Karen at Chomp
Creative Ltd
Why should you choose us?
Keeping on top of your accounting and complying with tax legislation can be overwhelming. Partnering with the right accountants and tax advisers will make a real difference; saving time, money and worry and allowing you to focus on growing your business with peace of mind.
1
Chartered
Tax Advisers
We are fully qualified Chartered Tax Advisers & Accountants and we can provide expert advice & guidance
2
Complimentary
Consultation
We provide a completely free initial consultation, allowing you time to chat through any questions you may have
3
Competitive
Fixed Pricing
We operate on a fixed fee basis which is agreed in advance and there are absolutely no hidden costs
4
Small Business
Expertise
We have a long and established history of providing advice and support to small businesses.