Payroll Services
At Kaxton, we provide a range of services to ensure that we add value to our clients’ businesses and ensure they run as smoothly and efficiently as possible.
We know that as an employer, payroll can be problematic. Not only do you have to deduct the correct tax and national insurance (NI) from pay, but you may also need to make other deductions such as maternity or sick pay, pensions and student loan repayments, while also dealing with taxable benefits, like company cars, life insurance, etc.
We have an excitingly wide range of services to help your business including:
Payroll bureau
Managing your payroll can be a burden that you could do without. Whether you are a sole trader, SME or a large company, we can provide a fast and cost-effective payroll bureau, leaving you free time to concentrate on running your core service of business. We can help you and advise on:
Maternity and Paternity pay
For many businesses understanding and calculating maternity pay can be a nightmare, and for new parents having a baby is stressful enough without having to worry about receiving the correct payments. We can advise on:
Checking employees notice of coding
Employees often receive PAYE coding notices from HMRC where there have been complications with tax codes. This is often as a result of complications with taxable state benefits, benefits-in-kind, work expenses or underpayment of tax in previous years. We can work with employers to:
Providing tax-free benefits
Providing tax-free benefits to employees is a great way to reward staff without having to increase salaries on a yearly basis. There are a number of tax-free benefits that can be provided for employees from technology to events. We can advise you tax-free benefits including:
Salary sacrifice schemes
Many employers are now offering their employees salary sacrifice schemes where employees agree to sacrifice or give up part of their salary in order to receive tax or national insurance savings for both the employer and employees, increasing the overall value of the pay package. Here at Kaxton, we can provide advice on:
Expense payments and dispensation schemes
Reporting business expenses can be a real headache for businesses. Some expenses need to be reported and others don’t. To remove the reporting requirements some businesses can apply for special dispensations from HMRC. We can advise on:
Assisting with tax credits
For many people tax credits form a vital part of their income. Tax credits are payments made regularly by the state into individual’s bank accounts to support those with children or those in work with a low income. At Kaxton, we can advise you on:
Childcare vouchers
Paying for nursery and childcare fees is an expensive outlay for parents, with the latest figures suggesting fees have risen by 27% since 2009. Employers can however sign up to childcare vouchers which are treated as a tax-free benefit. These can be provided to employees with a value up to £55 per week, or £28 per week for higher rate taxpayers. We can advise on: