Payroll Services
We offer a bespoke payroll service for company directors!
Does my business need to run payroll?
If your company employs at least one person, by law, you have to register as an employer, run payroll and meet various legal obligations and commitments.
If your company’s only “employee(s)” are the company directors or a single company director, then payroll does not need to be run. However, it can be tax-efficient for company directors and shareholders to take a small salary through payroll (PAYE).
A small salary?
For many company directors and shareholders, taking a small salary through PAYE can save thousands in corporation tax payments. Directors and shareholders can top-up this small salary with dividends.
To process PAYE, the company must register as an employer, even if the company is only planning to pay company directors and shareholders.
What is required of my business once registered as an employer?
There are many employer obligations. Let’s focus on the most basic accounting obligations:
Employers must run payroll (using payroll software), provide payslips and pay employees
Employers must file monthly and annual PAYE reports with HMRC
Any PAYE and national insurance owed to HMRC must be paid. This should be paid within the deadline
P60’s and other documents must be compiled at the end of the tax year-end
How can SM Accounting help me?
We specialise in payroll for company directors and shareholders.
We can register your business as employer and meet all HMRC’s requirements, which includes, processing payroll, filing the needed monthly & yearly reports, and providing payslips. We also offer payroll/PAYE advice.
Which payroll services does SM Accounting offer?
Register as an Employer (PAYE)
What’s included?
Registering you or your business as an employer so payroll and PAYE can be processed
Providing all necessary documentation, such as employer reference number and office reference number
Providing login details for an online PAYE account with HMRC
Unlimited advice and support by email
What do we need from you?
Various details about you and your business
How long does it take?
We can complete registration within two weeks, but can make exceptions if the PAYE registration is urgent.
How much does this package cost?
Our prices for employer registration start at £145!
PAYE for Company Directors
What’s included?
Monthly payroll for company directors who are paying themselves below the national insurance (NI) threshold
Monthly wage and pay slips
Unlimited support by email
What do we need from you?
A few details regarding each company director
And that’s it!
Does this service cover everything I need?
This package is the ultimate way to outsource your payroll. We will cover everything needed to meet your PAYE obligations with HMRC
How much does this package cost?
Prices from £10 per month!