Employment Tax

We offer expert payroll management services that simplify your payroll tasks and ensure accurate and timely payments to your team. We handle tax deductions, year-end reporting, and compliance so you can focus on the other areas of your business.

Every type of business, from sole traders and independent contractors to medium- and large-sized enterprises, can experience significant challenges when processing payroll. Payroll will take a lot of time to process and include variables, even if you have a limited number of employees. Keeping up with the ever-evolving payroll laws might be challenging, but we can take care of it for you. When you decide to outsource your payroll to Peer Accountants, you can have peace of mind knowing that your completely managed payroll service is in capable hands. Peer Accountants have years of experience in this area, and our talented team takes great pleasure in their customised service. Regardless of the size of your business, if you want payroll services, we will ensure that it’s done on time and that all adjustments and compliance are up-to-date for management reporting.

Frequently Asked Questions

What is payroll?
Payroll manages how much a company pays its employees. It involves calculating how much an employee should be paid, taking off any taxes or other deductions, and paying them their net salary. Payroll includes tracking how many hours employees work and benefits like health insurance and retirement plans. Payroll ensures that employees are paid on time and that the company follows tax and government rules.
Our team of experts can assist with creating legally compliant employee contracts tailored to meet the needs of businesses. We ensure all necessary details include job duties, compensation, benefits, and termination policies. We aim to provide a comprehensive and customised contract that protects our client's interests while fostering positive relationships with employees.

tax code is a series of letters and numbers used by HMRC to determine the amount of tax an individual should pay. The code is based on personal allowance and other factors that affect tax liability and is used to calculate tax deductions. It’s essential to regularly check the tax code for accuracy and report changes to HMRC.

Yes, we can prepare various employer letters, such as job confirmation letters, employment offer letters, and letters for visa applications. Our team of experts ensure that the letters are accurate and tailored to the specific needs of the employer and employee. In addition, we can assist our clients in creating letters that meet their business requirements and help them maintain positive relationships with their employees.

The Employment Allowance is a government scheme that helps UK employers reduce their National Insurance bill by up to £5,000 per year. At Peer Accountants, we can advise you on whether you are eligible for the allowance and help you claim it through your payroll software. This will help you save money and support your business’s cash flow.

Holiday pay in the UK is the amount paid to employees on vacation, calculated based on their normal pay rate and the number of holiday hours. Employers are legally required to provide a minimum paid holiday each year. Peer Accountants can help you understand the legal requirements and ensure you pay the correct amount to your employees, maintaining good relationships and compliance with the law.