HMRC Reporting & Compliance
Services include the timely submission of Real Time Information (RTI) to HMRC, along with the generation of end-of-year reports, including P60, P11D, and P45. Full compliance with PAYE, National Insurance contributions, and other HMRC regulations is ensured, helping you avoid penalties and stay aligned with UK tax law.
CIS (Construction Industry Scheme)
Contractors and subcontractors are supported in ensuring full compliance with the Construction Industry Scheme (CIS). Verification of subcontractors is handled, tax deductions are calculated at the appropriate rate (20%, 30%, or 0%), and monthly CIS returns are submitted to HMRC. This guarantees that subcontractors receive the correct tax credits, and all obligations are met on time.
Payslip Preparation & Distribution
Secure, accurate digital and printed payslips are provided in compliance with UK regulatory standards. Employees can access their payslips and personal information through self-service portals, enabling them to track pay and deductions in real-time.
Confidential Data Management
Security of all payroll data is prioritized, ensuring strict compliance with GDPR regulations. Encrypted record-keeping systems safeguard employee data, protecting businesses from data breaches and ensuring full compliance with UK privacy laws.
Deductions, Benefits & Adjustments
All necessary payroll deductions are accurately managed, including student loans, employee benefit schemes, and expense reimbursements. Integration and management of various employee benefits are handled effectively, ensuring both employer and employee compliance with UK employment and tax laws.
P11D Reporting
Assistance is provided in completing the P11D form, which is used to report taxable benefits such as company cars, private health insurance, and other non-cash benefits. All benefits and expenses are reported correctly and submitted to HMRC on time, preventing unnecessary tax liabilities for employees and ensuring compliance with HMRC requirements.
End-of-Year & Ad Hoc Reporting
Comprehensive end-of-year reporting is offered, including detailed departmental cost breakdowns and pension provider reports. Ad hoc reporting is also available, ensuring audit-ready documentation and the transparency required for financial reviews and audits.
Produce Payslips
Comprehensive and accurate payslip services are ensured for employees. Each payslip includes details of earnings, deductions, and net pay, delivered on time and in compliance with UK regulations, providing transparency and clarity to the workforce.
Leaver and Starter Records
Manage accurate records for employees starting or leaving your company. This includes processing personal details, employment status, and ensuring all documentation is complete and compliant with UK employment law. Records are updated promptly, ensuring smooth transitions and full compliance.
Calculate PAYE Liabilities, National Insurance Contributions
Ensure that PAYE liabilities for both employees and employers are accurately calculated, including National Insurance contributions, statutory sick pay, statutory maternity, and paternity pay. This guarantees compliance with HMRC regulations and minimizes the risk of penalties.
Summarize and Analyse Staff Costs
Provide detailed summaries and analysis of staff costs, offering insights into payroll expenses, tax liabilities, and any benefits or bonuses. This helps businesses monitor and control their labour costs effectively, aiding in budgeting and financial planning.
Kept Up-to-Date Information with RTI Submission:
Kept up to date information which aligns with Real Time Information submission (RTI is required by HMRC in your each payroll period otherwise HMRC will levy penalty for non-submission of RTI but do not worry about it, we are here to help you to complete these tusks).
Advise on PAYE Liabilities and Process Payments to HM Revenue and Customs (HMRC):
Our service includes advising on PAYE liabilities, ensuring all taxes are processed and paid to the HM Revenue and Customs (HMRC) on time. We handle payment processing, ensuring that all tax liabilities are cleared without risk of late or incorrect payments.
Completion of Final Full Payments Submission and P60 for Employees
At the end of each tax year, we complete the final full payments submission, ensuring all employee earnings and tax deductions are correctly reported. We also produce P60 forms for your employees, providing them with a summary of their annual pay and tax contributions, and submit the forms to the Inland Revenue for filing purposes.
The Benefits of NEXA Payroll Services for Small Business in the UK
Save Money
With NWS, you only pay what you need, helping you keep the cost down. Our small business payroll solutions offer a customisable and scalable pricing model, paid per employee, per month, offering you flexibility to meet your changing needs. We also have a variety of extra administration and service options.
Security
Our world-class Global Security Organisation helps ensure that your and your employees' data is safe and secure. NWS is ranked #1 among Business Service Peers and ISO 9000 and ISO 27001 certified — the gold standards for quality and security process management.
Compliance and Protection
Our small business payroll services don't just ensure employees are paid accurately and on time. NWS helps small businesses navigate today's complexities including regulatory changes, compliance, audits, employee experience and handling sensitive payroll data.
Flexibility
NWS small business payroll software adapts to fit your individual needs, whether you want to retain some control over payroll tasks, or hand over complete control of all your payroll processes. We offer a range of managed payroll services, enabling you to scale up your needs.