As a Director of a limited Company, you are not subject to the same rules as employees, so you won’t be subject to minimum wage legislation. You may therefore take a small salary, which utilises your annual tax-free allowance and take the remainder of your remuneration through dividends. We will ensure that the level of salary reported will be the optimal amount for your circumstances and will ensure that you receive your credit for the year for State Pension entitlement.
For the low cost of just £20 per month + VAT you can take advantage of this and remain compliant with HMRC. We will:
- Register your business as an employer (if required).
- Guarantee that all payrolls are checked by a qualified accountant.
- Calculate the optimal monthly salary for up to two Directors.
- Provide monthly payslips in pdf format.
- Make quarterly returns to HMRC on your behalf.
- Prepare end of year p60 statements for each Director.
- Prepare monthly RTI submissions.
- Deal with any correspondence from HMRC.
If you go on to grow your business and take on employees, we can continue to provide a fully compliant payroll service at a great value for money price.
