Payroll Services for Limited Companies
Payroll taken care of as part of your accountancy service
If you run a limited company and pay yourself or employ staff, you’ll need to deal with PAYE, payroll calculations and reporting to HMRC.
We can take care of your company’s payroll as part of our wider accountancy service, so your payroll, accounts and tax are all dealt with together.
No separate payroll bureau to deal with. No unnecessary hassle. Just one accountant looking after your company.
Get a Quote | Call 020 7088 8141
Payroll for our limited company clients
Payroll isn’t something we offer as a standalone service to anyone who happens to need payroll.
It’s part of the wider service we provide to our limited company clients.
That means your payroll sits alongside your:
Having everything handled together means we already understand your company and how you’re paying yourself and your employees.
What does our payroll service include?
Director payroll
If you’re a director taking a salary from your company, we’ll calculate your pay and deal with the relevant PAYE reporting to HMRC.
We’ll also make sure your payroll information is reflected correctly in your company’s accounts.
Employee payroll
If your company has employees, we can process their regular payroll and deal with the associated PAYE reporting.
PAYE and National Insurance
We’ll calculate the relevant PAYE tax and National Insurance deductions and make sure the payroll information is reported correctly.
Real Time Information (RTI)
We’ll submit the required payroll information to HMRC through the PAYE system.
Payslips
We’ll provide payslips for directors and employees covered by your payroll service.
Year-end payroll reporting
We’ll deal with the relevant year-end payroll requirements and make sure the information is available for your company’s accounts and your employees’ tax records.
Why have your accountant handle your payroll?
You could use a separate payroll company.
You could do it yourself.
Or you could have your accountant deal with it alongside everything else.
For many of our limited company clients, keeping it together makes the most sense.
Your payroll affects your company’s accounts, your PAYE liabilities and, in the case of directors, potentially your personal tax position.
Having one firm deal with the different parts means there’s less duplication and fewer opportunities for information to get missed.
Director salary and dividends
For many owner-managed companies, payroll isn’t just about paying employees.
It’s also about how the director takes money from the company.
We’ll help you understand the relationship between:
Salary
Dividends
PAYE
National Insurance
Corporation Tax
Personal tax
Your salary and dividends need to be dealt with correctly in both your company accounts and your personal tax affairs.
We’ll make sure the figures tie together and explain what you’re doing rather than simply processing a payslip.
Do I need payroll if I'm the only director?
If you’re paying yourself a salary through your limited company, you’ll generally need to operate PAYE and meet the relevant reporting requirements.
The exact requirements depend on how you’re paying yourself and your circumstances.
We’ll explain what needs to be done and take care of the payroll for you where appropriate.
Adding employees to your business?
As your company grows, your payroll requirements can become more complicated.
If you’re taking on your first employee, we’ll help you understand what needs to be set up and how the payroll process works.
We can then deal with the ongoing payroll alongside your company’s other accounting requirements.
Payroll and your company accounts
Your payroll doesn’t exist in isolation.
The salary and employer costs recorded through payroll need to be reflected correctly in your company’s accounts.
Because we deal with both your payroll and accounts, we can make sure the figures are consistent and properly accounted for.
This also means you don’t have to send information backwards and forwards between your accountant and a separate payroll provider.
Payroll, accounts and tax under one roof
One of the advantages of using us for your company’s accounting is that we can deal with the connected parts of your finances together.
Payroll
We calculate salaries, deductions and PAYE reporting.
Bookkeeping
The payroll transactions are recorded correctly in your company’s books.
Annual Accounts
Your payroll information is incorporated into your company’s accounts.
Corporation Tax
Relevant salary and employer costs are reflected when calculating your company’s taxable profits.
Director’s Self Assessment
Where applicable, your salary and dividends are included in your personal tax return.
One company. One accountant. One less thing for you to worry about.
Why use Liburd Gallagher?
Your payroll is handled by your accountant
You’re not dealing with a separate payroll bureau that doesn’t know anything about the rest of your business.
We know your company
Because we’re already dealing with your accounts and tax, we understand how your payroll fits into the bigger picture.
Straightforward advice
If you’re unsure about salary, dividends, bonuses or employing someone, you can ask us.
One point of contact
You don’t need to work out whether something is an accounting question, payroll question or tax question before contacting us.
Just ask.
Already have a separate payroll provider?
That’s fine.
If you’re already happy with your payroll arrangements, there’s no need to change simply because you’ve become our client.
However, if you’d prefer to have your payroll handled alongside your accounts and tax, we can discuss bringing it into the wider service we provide.
Frequently asked questions
Do you offer payroll as a standalone service?
No. Our payroll service is primarily provided as part of our wider accountancy service for limited company clients.
Can you do payroll for my limited company?
Yes. Payroll can be included as part of your limited company accountancy package.
Can you process payroll for just one director?
Yes. If you’re the only director and pay yourself through PAYE, we can deal with your director payroll as part of your company’s accountancy service.
Can you add employees to the payroll?
Yes. If your company grows and you take on employees, we can deal with the additional payroll requirements.
Do you deal with PAYE and National Insurance?
Yes. We’ll calculate the relevant deductions and deal with the required payroll reporting to HMRC.
Will I receive payslips?
Yes. Payslips can be provided for the directors and employees included within your payroll service.
Can you deal with my payroll and company accounts?
Yes. That’s exactly how we prefer to provide the service. Your payroll can be dealt with alongside your bookkeeping, annual accounts and Corporation Tax.
Can you advise me on salary and dividends?
Yes. We can explain the tax implications of paying yourself through salary and dividends and how they fit into your company’s accounts and your personal tax position.
I already use another payroll provider. Can I switch?
Yes. If you’d prefer us to handle your payroll alongside your other accounting work, we can discuss the transition.
Need payroll for your limited company?
If you’re looking for an accountant to deal with your company’s accounts, tax and payroll, we can take care of everything together.
We’ll explain what’s included in your accountancy package and give you a clear quote.
Get a Quote
020 7088 8141
Liburd Gallagher Accountancy — one accountant for your company, not three different providers.