Many small employers pay their PAYE and NI bill on a monthly basis. This is good for those employers whose cash flow planning is not what it could be, but by doing this you could be missing out on a cash flow advantage. If your monthly payment is less than £1500 you can choose to pay on a quarterly basis. This not only improves your cash flow situation, but will also reduce the administrative burden on operating your payroll. Conversely, if you currently pay quarterly but struggle to afford the payments you can choose to pay monthly, meaning you break down these payments into more manageable amounts.
Wisteria's experienced payroll bureau works with a range on employers of different size and can remove the burden of running your payroll by completing all of the necessary requirements on your behalf. Contact us for further information.
For more immediate Business advisors support go to the Business advisors web page.
