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Payroll Services

Payroll Services for Small Business in London and Across the UK

Our London based payroll department provide a high-quality payroll service to small, medium and large corporate companies.

Payroll accounting is a crucial aspect of a business and it can be a time-consuming task for any kind of business. With the ever-changing payroll regulations, it can be a daunting task to manage payroll. As a business owner and an employer in the UK, you have to operate PAYE (Pay As You Earn) as a part of your payroll. PAYE is a system that the HMRC use to collect Income Tax and National Insurance Contributions from the employees’ earnings. You need to report and pay HMRC every month. Managing all these is not easy, especially for small businesses.

Muhit & Co is one of the top small business Accounting Firms in Whitechpel, London. We make sure that no deadlines are missed and that your Businesses Payroll complies with HMRC’S RTI (Real Time Information) reporting requirements. Whether you are a small business and whether you want to partially or completely outsource your payroll, Muhit & Co is your best partner. 

  • Increase your payroll efficiency
  • Ensure your payroll remains compliant with the ever-changing legislation
  • Get advice on improvements to your existing payroll systems
  • Free yourself from the hassle of payroll management
  • Protect yourself against employee dissatisfaction
Related Services
Our payroll services in London include but are not limited to:
  • PAYE registration
  • PAYE & RTI Returns
  • Weekly, Fortnightly, monthly payroll
  • Customised payslips
  • Managing payment to employees/HMRC via BACS or Faster Payments
  • Bonus, commission and overtime payments
  • HMRC and auto-enrolment compliant
  • CIS returns
  • Complete and submit statutory forms, including year-end returns, P35, P60s, P45s and P46s.
  • Summarise and analyse staff costs.
  • Guidance on Real Time Information (RTI), auto-enrolment and salary sacrifice schemes
  • Complying with maternity and sickness regulations
  • Option to integrate HR advisory and consultancy
  • Administration of incentive schemes, bonuses, and ex-gratia and termination payments
  • Administration of pension schemes
Muhit and co Whitechapel accountant

My Employee is pregnant, will she get maternity pay?

If your employee is expecting a baby, she may be entitled to Statutory Maternity Pay (SMP). This replaces her normal earnings to help her take time off around the time of birth. She also has a statutory right to a minimum amount of maternity leave.

How much holiday is my Employee entitled to?

Almost all workers are entitled to 5.6 weeks paid holiday per leave year
The 5.6 weeks is a minimum entitlement – you can choose to offer more.
You can count any days off for public or bank holidays towards a worker’s Statutory Holiday Entitlement – but only as long as you pay them for those days off.

My Employee is sick, are they entitled to Statutory Sick Pay?

You only need to pay SSP to an employee if they meet the qualifying conditions set out below.

An employee must meet all the following conditions to get SSP:

  • They must be your employee – and they’ll need to have done some work under their employment contract before going off sick.
  • They must be unable to work due to sickness for a period of at least 4 days
  • The days they’re getting paid SSP for must be qualifying days – these are days they normally work.
  • Their earnings must be at least as much as the Lower Earnings Limit for National Insurance contributions (NICs).
  • They can’t have already received the maximum amount of SSP
  • They must have notified you about their sickness – either within your own time limit or within 7 days.
  • They must give you evidence of their incapacity, if you require it.

How long would it take to set up the payroll?

This can depend upon a number of factors such as the size and frequency of your payroll and your current set up. We usually require about 1 week, which gives us time to conduct a parallel run if required and thoroughly check all the information supplied.

What do I do if my employee has not got a National Insurance number?

You cannot employ someone unless they have a valid National Insurance number. If an employee have never been issued a National Insurance number they need to visit their local Department of Work and Pensions (DWP) for an interview.

What do I do if the employee doesn’t have a P45?

Your employee should complete AND sign the declaration on form P46, a tax form that ensures your employee pays the correct amount of income tax.

If the employee is a student in full-time education and is working during their holiday periods only, then they should complete a Student Declaration called a P38(S).

Muhit & Co accountants are a leading accounting firm in London

Experts Accountants for Small & Medium Businesses in Whitechapel, Brick Lane London.

Muhit & Co Certified chartered accountants is a widely-established firm which has a network that spreads across London with an office located at Whitechapel in Central London . The firm has been established since 2004 with a team of qualified accountants and tax specialists who have various industrial experience. We work with a large number of local businesses, sole traders and Individuals helping them achieve their goals through our pro-active and informative service.
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