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Setting up a limited company - Payroll and RTI

So your limited company formation has been done, now you have to think about payroll. Payroll for a company is the means by which it pays its employees for the work they do.

Towards the end of a monthly payroll period the salary that is to be paid to each employee is calculated with deductions for income tax and national insurance. Arrangements are then made for it to be paid at the end of the payroll period. Genie Accountancy will run your payroll for you. The net pay due will be visible in our online accounting software allowing you to arrange the necessary bank transfer and you will be able to access copies of your payslips.

Our contractor accountants will ensure that the necessary monthly reports are submitted to HMRC under RTI (Real Time Information) and at the end of the payroll year we will ensure that a P60 will be issued to each employee on an annual basis to show how much they have earned during the year.

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  • “Beverly talked me through how to run my business over the phone in 30 mins… BAM!!”

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    Genie Accountancy client

  • I will definitely recommend people to use this company; I am completely satisfied with Genie Accountancy’s support and good admin processes.

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  • Lauren and you have made the transfer so much easier. I appreciate the time you have taken to walk me through everything. I'd be lost without you guys in all of this.

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    Genie Accountancy Client

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3rd Floor, Buckingham House Buckingham Street Aylesbury. Bucks, HP20 2LA Company registration number 04896166.

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Genie Accountancy is one of the UK’s most reputable contractor accountant specialists. From help with setting up a limited company and understanding a director’s responsibilities to determining IR35 status and undertaking tax planning. Our Consultants provide all the advice and support required to help you and your limited business.