What happens when you do the payroll?

When we do your payroll here is what happens:

  1. Update your payroll account for any changes such as new starters and changes in pay.
  2. Calculate the deductions required, such as PAYE, NIC, and student loans. Also, pension if we do that for you.
  3. Process any leavers and prepare a P45.
  4. Submit the necessary reports (pay run details, P45s) to HMRC every time, and every year.
  5. Email payslips to employees (if we use our own software this only happens if it has been set up on request).
  6. Upload to Iris Openspace the payslips, P45s, pay summary and the employer payment report. Also a pension summary if we do that for you.
  7. At the end of the tax year, we provide the annual summary for you to check and approve, and P60 forms for you to provide to employees.
  8. If necessary we also provide P11d forms when you provide the details soon after the tax year.