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choose us
The Big Picture
| How we help
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Nanny Payroll Tax
As payroll becomes more and more complex, time consuming
to process and expensive to update the annually changing parameters,
many families are now outsourcing this tax calculation to
a specialist payroll bureau. This bureau is then responsible for
your nanny's wages processing, technical aspects, IT equipment
maintenance, stationery procurement and maintaining the general
confidentiality of this sensitive information.
We offer a complete payroll bureau facility, where individual
services can be selected from the following options, to free your
time in a cost effective manner:
- You advise us of your nanny's gross pay, for a weekly, fortnightly,
four weekly, monthly or quarterly pay period. We calculate the
net pay, supply you with security payslips and advise you how
much PAYE and NIC to pay the Inland Revenue,
- Advising you in relation to the legal
requirements for offering your nanny access to stakeholder
pensions,
- Preparing all necessary forms P45s, when a nanny leaves,
- Preparing
end of year returns P35 and P60/P14's, before filing these with
the Inland Revenue in advance of the statutory deadlines,
- Arranging for your nanny to be paid by BACS, or other
electronic means,
- Providing ongoing ad-hoc support for all of you wages queries,
- Performing PAYE/NIC
healthcheck reviews, prior to a control visit,
- Preparing forms P11d
and calculating the resultant class 1a NIC liability,
- Tax efficient remuneration
planning.
As well as releasing your time and ensuring the
quality of wages administration, outsourcing this function will
usually save you money. We will be responsible for software updates,
and purchasing purchasing stationery. We will also
ensure that you pay no more PAYE/NIC tax than you absolutely have
to.
Practical Examples of our Nanny Payroll Tax Expertise
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