Even a glance at the website of H M Revenue & Customs can be a frightening experience. Go to the employers section and look at the list of useful tools on the right hand side. The list is as follows; 'company car and car fuel benefit calculator', 'employment status indicator tool', 'PAYE tax calculator', 'National Insurance calculator', 'National Insurance calculator - director's annual earnings period', and 'Statutory Payments calculator'. There is then another line which just says 'more'. That opens up a page listing more than 30 'tools' to assist you in complying with your statutory duties.
It may be that the paragraph above makes perfect sense to you. Even if it does, is it really the best use of your time to spend hours ensuring that your PAYE calculations are spot-on? Remember, even an innocent mistake can attract a penalty of up to 100% of the tax unpaid and interest on it being paid late.
The solution is simple. Use a payroll bureau. Dataplan provides a payroll solution for any business. Although payroll is the only thing Dataplan does, we do not only do it one way. We listen to every client and ensure the service we offer is tailored to your specific needs.
It is always essential that you get maximum value from every pound you spend, particularly in times of recession. Have a think about the hidden costs associated with operating payroll yourself. Apart from the cost of the staff involved and the associated overheads, you might use a telephone helpline or end up getting your accountant to do parts of the work.
