Payroll/PAYE for Startups
Payroll is a crucial function within any company. It is the process that connects workers with their wages. Get it wrong and things can go wrong fast. When you setup your own business there are further complications and pressures. The challenges of start-up can add unexpected burdens that come with the added responsibilities of being an employer. Prestige Business Management understands these complexities and can help inform new start-up ventures about the process surrounding payroll and the statutory obligations that befall on all UK employers.
Prestige Business Management can help your start-up navigate the Pay-As-You-Earn system. Limited companies, by law in many instances, must be registered for PAYE. This means there is a legal obligation to operate a full payroll system – this obligation also means companies must produce itemised payslips along with end-of-year filling with HMRC. These pitfalls can cause issues – from HMRC fines to added employee unease through pay problems. What Prestige Business Management offers is a bespoke payroll outsourcing solution for start-up clients.
For a monthly fee, Prestige Business Management can act as a registrant PAYE agent. This empowers Prestige Business Management to act as your payroll agent and thus undertaking the full spectrum of payroll duties – from calculations to cycle monitoring and compliance checks. This means you can rest assured that your payroll obligations are being met by a professional team of payroll specialists at Prestige Business Management. Our team can help create a bespoke payroll solution that fits your business needs specifically by tailoring the right solution to your specific business case needs. Whatever business or sector, we can create the right payroll solution for your continued business success.
Our payroll agent duties could also involve helping you take on your first employee; helping you understand what information is required whilst helping to make sure your recruits are legally processed. The information we will help source from your employees will help the payroll process run smoothly, and the more people an organisation recruits, the more we can help create the right framework for your payroll success. Why not get in touch with Prestige Business Management today to find out how our pay monthly payroll services can help remove the pressures of payroll whilst you focus entirely on your start-ups’ success. By leaving payroll to Prestige Business Management, you can save money and focus on your business.