Payroll Services
As chartered tax advisers and qualified accountants, with decades of expertise, we help small businesses and individuals navigate UK tax and accounting with confidence. Our independent, friendly and regulated firm provides clear and practical advice you can trust.
Running a payroll can be complex and care is required to ensure the numbers are right
Making sure your employees are paid correctly and on time can be a challenge. Managing tax codes, pension auto-enrolment and statutory reporting requirements adds to the complexity.
Who needs to run a payroll?
PAYE is HMRC's system to collect tax and National Insurance contributions from employees. If any of your employees earns more than the weekly lower earnings limit, receives benefits or expenses, is in receipt of a pension or has another job then you must register for PAYE. Even if you don't have to register for PAYE you must keep accurate payroll records.
What's involved?
Running payroll involves applying the correct tax codes and calculating tax and National Insurance contributions. Other complexities include maternity pay, sick pay and student loan contributions as well as pension contributions. Other complexities arise if you employ non-UK resident staff.
What are my legal obligations?
As part of the monthly payroll process you must complete online filings with HMRC under RTI (Real Time Information) to submit the EPS (Employer Payment Summary) and FPS (Full Payment Submission). Employers must be able to provide employees with P11Ds, P60s, P45s as necessary. Also, broadly, employees who are over 22 years old and earning more than £10k annually must be auto-enrolled in a pension scheme.
"The team at Boxwood have managed my personal tax return preparation and filing since 2016 and I have found them really helpful and approachable. They are always available to answer any questions and I would have no hesitation in recommending them."
Hans-Werner at
Deutsche-Hypo Bank
We offer a completely complimentary initial consultation. Give us a call anytime and get answers to any questions you have.
How we can help
We offer a fixed-fee Payroll Service and can help ensure all of your employees are paid correctly and on time while taking care of all of your reporting obligations with HMRC.
Payroll software
Depending on your business requirements we can work with your existing accounting software or implement a Cloud-based HMRC and GDPR-compliant solution.
Running the payroll
We will run the payroll on a timescale agreed with you and email payslips directly to employees or send them to you for distribution. We will calculate all necessary additions or deductions.
Pension auto-enrolment
We can help you understand your obligations as an employer and check employee eligibility criteria. We will complete monthly submissions to your pension provider.
Employee documents
We will take care of all data entry for new employees and also handle any changes required e.g. change of name. As required we will issue P11Ds, P60s and P45s.
Submitting HMRC data
We will take care of monthly RTI submissions - EPS (Employer Payment Summary) and FPS (Full Payment Submission). We will also complete the Payroll Year End filing.
Finance journal / payroll reporting
Depending on your business requirements we will provide monthly Payroll Reporting. We can also provide a Finance Journal for your accounting software.
Why not get some expert help with your accounting and tax? You'll be surprised at how easy and affordable it is to get the support you need
WHAT OUR CLIENTS SAY
"Boxwood have been our accountants for a number of years and provide us with advice and support. We have always found the team helpful and professional. They are always available to chat through any questions we may have and we no longer worry about getting our tax filed on time."
John at Bentley Consultancy Services Ltd
"The team at Boxwood have managed my personal tax return preparation and filing since 2016 and I have found them really helpful and approachable. They are always available to answer any questions and I would have no hesitation in recommending them."
Hans-Werner at
Deutsche-Hypo Bank
"The team at Boxwood have been our accountants since 2014 and have always been helpful and proactive. They help us with our VAT, payroll and year-end filings. They always remind us when there is an approaching deadline and we no longer have to worry about our accounting and tax."
Karen at Chomp
Creative Ltd
Why should you choose us?
Keeping on top of your accounting and complying with tax legislation can be overwhelming. Partnering with the right accountants and tax advisers will make a real difference, saving time, money and worry and allowing you to focus on growing your business with peace of mind.
Fully regulated Chartered Tax Advisers and Accountants
Affordable
fixed fees with absolutely no hidden costs
Completely complimentary
initial consultation
Personal accountant to ensure the
highest standards
19 years as advisers with almost 1,000 satisfied clients