At Yussouf & Co we can take all these tasks over for you and provide a comprehensive and confidential payroll service, which includes:

  • Running payroll on a weekly or monthly basis
  • HMRC compliant payslips
  • Checking employee’s tax codes
  • Processing variable payments and adjustments
  • Year-end returns for the company and for employees/li>

As a contractor, you are required to meet specific obligations under the scheme, including registering with HM Revenue and Customs (HMRC), checking whether your subcontractors are registered with HMRC, paying subcontractors, deducting tax and submitting monthly statements confirming these payments. We provide the following services:

  • Register you with HMRC as a contractor
  • Verify your subcontractors with HMRC
  • Ensure you pay your subcontractors correctly within the scheme
  • Supply deduction statements to the subcontractors
  • Keep your records in good order and supply HMRC with monthly returns/li>

As an employer, you have to do this before the “staging” date set for you by The Pensions Regulator. Your specific staging date will depend on how many people you employ. If you don’t already offer your workers a workplace pension scheme, you must set one up before your staging date. If you do already offer your workers a workplace pension scheme, you should check if it meets all of the requirements which will allow you to use it for auto-enrolment.

Along with our preferred pension provider, Yussouf & Co can assist you in setting up a qualifying scheme in advance of your staging date. Thereafter, through our payroll team we can carry out all of the required ongoing assessments, record keeping and communications with the pension providers. In summary, we can;

  • Assist and help you with your staging date, postponement and the set-up of your scheme with our preferred pension provider
  • Assess your workforce in conjunction with the pension provider
  • Communicate with your employees with the support of our pension provider
  • Register with The Pensions Regulator (TPR)
  • Carry out on-going assessment
  • Keep your records
  • Send information direct to the pensions company