Wage details and slips

cliveant · Jun 15, 2010

I have decided to start taking a wage from my business...which is only just making any money. I want to take just £100 per week to keep below the tax and NI thresholds. But don't want the hassle of doing payslips.

Can anyone process this for me...provide payslips . I presume I can just send in a NIL return each month to the Revenue.

I need this doing as cheap as possible as I do not want to have to buy the payroll software when there is so little involved.
Thanks

elaine@cheapaccounting · Jun 15, 2010

£100 a week is over the LEL so the company will need to register as an employer and file an employer annual return.

Have you asked your accountant to do all of this for you? Probably easiest & cheapest.

MyAccountantOnline · Jun 15, 2010

cliveant said:
I have decided to start taking a wage from my business...which is only just making any money. I want to take just £100 per week to keep below the tax and NI thresholds. But don't want the hassle of doing payslips.

Can anyone process this for me...provide payslips . I presume I can just send in a NIL return each month to the Revenue.

I need this doing as cheap as possible as I do not want to have to buy the payroll software when there is so little involved.
Thanks

Most accountants will run payroll for their clients - its one of the many services we provide for our clients.

I agree with Elaine its probably easiest to ask your current accountants so that they can advise you on matters such as the most tax efficient salary with full knowledge of your circumstances etc.

You can indeed advise HM Revenue & Customs that no PAYE and NIC is due for any given month/period - have a look here on how to do it -

http://www.hmrc.gov.uk/payinghmrc/paye.htm#11

QuickHomeBuyers · Jun 15, 2010

Download 12pay and it is free. 12pay I think is a member of this forum.

cliveant · Jun 15, 2010

I already have a PAYE ref no. with the Revenue and my accounts are really straight forward.
Just didn't want to have to fork out for software....but will look at the free download..thanks

MyAccountantOnline · Jun 15, 2010

If you want to do your own payroll another free alternative is Iris -

http://small-business-software.iris.co.uk/software__services/free_payroll/download.aspx

I've never used it myself and dont know how it compares to any other packages - dont know if any other posters on the forum use it?

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Wage details and slips

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