FZCO Accountants can provide a competitively priced service for all aspects of payroll. Our PAYE service is reliable, accurate and most importantly up to date with all current legislation. We ensure every client has a tailored payroll mechanism in place to suit their individual requirements. We can help you reduce your workload by operating as your payroll function.
If you intend to practice business in the UK and wish for reliable human resources management, then FZCO Accountants are the team to provide this. We provide a flexible and wide ranging service which can be tailored as per our clients requirements. We are both skilled and experienced in terms of supplying international clients with HR assistance of the highest quality.
New payroll process with FZCO Accountants is straightforward and we will manage the entire process for you.
Most companies need their PAYE (pay as you earn) scheme registration, even if they only have one employee. PAYE is HMRC’s way of collecting income tax and National Insurance from employees. This can be applied for online via www.gov.uk. It can take up to 5 working days to get your employer PAYE reference number and you must be registered before the first payday.
Once registered as an employer, you can either set up and run payroll yourself using payroll software, or pay a payroll provider to do it for you.
A full payroll service is offered including:-
- Payslip production (either paper or electronic)
- Filing all reports with HMRC
Note that you will still be responsible for collecting and keeping employee records and you are legally responsible for compliance with PAYE, even if you are outsourcing payroll. Employers Liability Insurance is another legal requirement if your business employs one or more people. There is a daily fine if you don’t have it in place.
Other employer obligations
New employees are entitled to a written statement of employment within two months of the initial hiring, including terms and conditions of employment, wages, and a discussion of pensions, sick pay, absence, holiday pay, total hours and other common issues.
There is no law determining the length of a probationary period, though it’s typical for a probationary period to last no longer than six months (or three months when an employee is moving to a new post internally).