RTI Payroll

Payroll Services (RTI, EPS) – Tax4UK LTD

Managing payroll efficiently is crucial for any business, ensuring that your employees are paid accurately and on time while staying compliant with HMRC regulations. At Tax4UK LTD, we offer comprehensive payroll services that include Real Time Information (RTI) submissions and Employer Payment Summaries (EPS). Our team of ACCA and CPA-qualified accountants is dedicated to providing reliable payroll management that allows you to focus on growing your business while we handle the complexities of payroll compliance.

What is Real Time Information (RTI)?

Real Time Information (RTI) is a mandatory HMRC requirement for UK employers to report payroll information every time employees are paid. Unlike previous systems where payroll information was submitted once a year, RTI requires employers to submit details of wages, tax, and National Insurance contributions on or before each payday. RTI ensures that HMRC has up-to-date information about employees’ earnings and tax liabilities, making the payroll process more transparent and accurate.

What is an Employer Payment Summary (EPS)?

An Employer Payment Summary (EPS) is a specific type of RTI submission that employers use to inform HMRC about certain adjustments to the payroll, such as claiming statutory payments (e.g., Statutory Sick Pay, Statutory Maternity Pay) or reporting no payments to employees in a given period. The EPS is essential for ensuring that your business’s payroll records with HMRC are accurate and up to date.

Our Payroll (RTI, EPS) Services

At Tax4UK LTD, we provide a full suite of payroll services designed to simplify your payroll processes, ensure compliance with HMRC requirements, and keep your employees happy. Whether you’re a small business or a large corporation, our payroll services are tailored to meet your specific needs.

Our services include:
  • Payroll Processing: We handle all aspects of payroll processing, including calculating wages, tax deductions, National Insurance contributions, pension contributions, and other payroll-related deductions. Our service ensures that your employees are paid accurately and on time.
  • RTI Submissions: We manage all RTI submissions to HMRC, ensuring that each Full Payment Submission (FPS) is filed on or before each payday. This includes reporting employee earnings, tax deductions, and any other relevant payroll information required by HMRC.
  • Employer Payment Summary (EPS) Filings: We prepare and submit your EPS to HMRC when needed, such as when you are claiming statutory payments, reporting no payments to employees, or adjusting previous payroll submissions. This ensures your payroll records are accurate and compliant.
  • Auto Enrolment Pension Management: We assist with auto-enrolment pension management, including assessing employee eligibility, managing contributions, and ensuring compliance with pension regulations.
  • Statutory Payments Management: We handle the administration of statutory payments, such as Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), and Statutory Paternity Pay (SPP), ensuring that these are correctly calculated and reported to HMRC.
  • Payroll Reports: We provide detailed payroll reports to help you understand your payroll costs, employee earnings, and tax liabilities. These reports are tailored to your needs and provide valuable insights into your payroll operations.
  • P60s and P45s: We generate and distribute P60s and P45s for your employees, ensuring that they have the necessary documentation for tax purposes at the end of the tax year or when they leave your employment.
  • HMRC Compliance: We ensure that your payroll is fully compliant with HMRC regulations, reducing the risk of penalties and ensuring that your business meets all its payroll obligations.

Why Choose Tax4UK LTD for Payroll Services?

Managing payroll can be complex and time-consuming, but with Tax4UK LTD, you can rest assured that your payroll is in expert hands. Here’s why businesses trust us for their payroll needs:

  • Expert Payroll Management: Our team of ACCA and CPA-qualified accountants has extensive experience in payroll management, ensuring that your payroll processes are efficient, accurate, and compliant.
  • Tailored Solutions: We understand that every business is unique. Our payroll services are customized to meet your specific requirements, whether you have a small team or a large workforce.
  • Compliance Focused: We stay up to date with the latest HMRC regulations, ensuring that your payroll is always compliant with current laws and guidelines.
  • Time and Cost Savings: By outsourcing your payroll to Tax4UK LTD, you save time and reduce the administrative burden on your business, allowing you to focus on growth and profitability.
  • Transparent Pricing: We offer clear and competitive pricing with no hidden fees, so you know exactly what you’re paying for.

Streamline Your Payroll with Tax4UK LTD – Contact Us Today

Let Tax4UK LTD take the stress out of payroll management. Whether you need help with RTI submissions, EPS filings, or complete payroll processing, our team is here to support you every step of the way. Contact us today to learn more about how our payroll services can benefit your business.