Payroll
Managing payroll can take time and careful attention to HMRC rules. At YM Accountants, we provide reliable payroll services London businesses trust to keep employees paid correctly and stay compliant. Our professional managed payroll services include salary processing, payslips, pensions, reporting, and accurate HMRC RTI submission. Whether you run a startup or growing company, we make payroll simple, secure, and stress-free. Many employers ask how does payroll work — and our team handles the full process so you can focus on running your business.
Payroll Services
Our complete payroll solution includes:
- PAYE & RTI returns with accurate HMRC RTI submission
- Full payroll setup and system configuration
- Payroll mapping to accounting software
- Payroll payment instruction creation
- Payrolling benefits and deductions
- End-of-year payroll processes and reporting
Employee Remuneration
We provide expert guidance on tax efficient remuneration for employees and directors, including:
- Inducement payments
- Termination payments through payroll
- Expenses dispensation and reimbursements
- Retirement planning support
- Tax-efficient remuneration strategies
Employment Status
Correct worker classification is essential to check employment status for tax and avoid HMRC penalties.
We review:
- Financial risk and payment structure
- Basis of payment and engagement terms
- Employee benefits and rights
- Intention of the working relationship
- Length of engagement
PAYE Healthcheck
- Review and verification of payroll records
- Statistical analysis of PAYE returns
- Comparison of payroll with annual accounts
- Repairs vs capital disputes review
- Statutory maternity pay, sick pay, student loan deductions from payroll, and tax credit checks
- Completion of end-of-year payroll returns
- Benefit and expenses disclosure calculations
PAYE Returns
- Monthly payroll summaries and payslips
- Departmental payroll reports
- CIS return submissions
- Employee summary P60s
- P11D and P9D benefit and expenses returns
- EIS / SEIS investment-related payroll matters
- Termination payments processed through payroll
- Inducement payments
Payroll Services in London You Can Rely On
Managing payroll can feel confusing and time-consuming for any business. At YM Accountants, we provide reliable payroll services London businesses trust to stay compliant, save time, and avoid costly mistakes.
Our managed payroll services handle everything from payslips and tax deductions to pensions and HMRC RTI submission. Whether you run a small company or a growing team, we make sure employees are paid correctly and on time.
If you’re unsure how does payroll work or need help to check employment status for tax, our experts are here to guide you every step of the way.
What’s included in our payroll service
- Weekly, fortnightly, or monthly payroll processing
- PAYE calculations and secure HMRC RTI submission
- Digital or printed payslips for employees
- Auto-enrolment pension setup and reporting
- Student loan deductions from payroll and statutory deductionss
- Year-end forms including P45, P60, and P11D
- Support with tax efficient remuneration planning
- Correct handling of termination payments when termination payments go through payroll
Why choose YM Accountants
- Trusted payroll services London employers rely on
- Accurate reporting and on-time HMRC RTI submission
- Guidance to check employment status for tax correctly
- Support with pensions and tax efficient remuneration strategies
- Clear pricing suitable for small business payroll needs
These services are ideal for companies looking for affordable payroll services for small business without the cost of an in-house payroll team.We also explain the real benefits of outsourcing payroll, including saving time, reducing stress, and improving payroll accuracy.
Ready to simplify your payroll?
If you are looking for affordable payroll services for small business or growing companies, YM Accountants is here to hel
For government-approved guidance on payroll compliance, visit HMRC’s payroll overview.
Payroll Services FAQs
What is included in your payroll services?
Our managed payroll services include payroll calculations, PAYE deductions, payslips, pensions, and accurate HMRC RTI submission, along with year-end documents such as P45, P60, and P11D.
How does payroll work?
If you’re wondering how does payroll work, it involves calculating wages, deducting taxes, managing student loan deductions from payroll, and sending reports to HMRC through RTI.
Do termination payments go through payroll?
Yes. In most cases, termination payments go through payroll so the correct tax and reporting rules are applied under HMRC guidance.
Can you provide payroll for small businesses?
Absolutely. We specialise in affordable payroll services for small business, giving startups and small companies expert payroll support without hiring internal staff.
How do you ensure HMRC compliance?
We complete every HMRC RTI submission accurately and on time, helping your business remain fully compliant with UK payroll regulations.
What are the benefits of outsourcing payroll?
Simply The main benefits of outsourcing payroll include saving administrative time, reducing payroll errors, improving compliance, and gaining expert payroll guidance.