If you’ve hired any employees to become part of your team then you’ll have to register for PAYE.
You’ll also need to register for PAYE if you’re a sole director and paying yourself a living wage (rather than dividend payments) from the income coming into the business.
- If you’re paying yourself a salary, as a director of the company, then HM Revenue & Customs (HMRC) still needs you to collect the requisite income tax and National Insurance contributions on that monthly salary.
- And, as your start-up grows, you’ll have to do the same for every new employee who joins the team.
Xero online accounting has a payroll function built in as standard, and can record all the personal details, salary information and workplace pension contributions you’ll need in order to run a regular payroll.
We’ll help you set up your Xero Payroll, and can even run the whole monthly payroll cycle for you, if you need us to.
If you’d like us to help with your PAYE and payroll tasks, give us a call on 01454 300 999 or drop an email to firstname.lastname@example.org