Payroll services
Your business
News
Employers warned payrolling of benefits is to become mandatory
Whitley Stimpson are forewarning employers that they will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind through payroll.Â
Mandatory payrolling of benefitsÂ
The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.Â
NLW and NMW increased
The national living wage (NLW) will increase by 9.8% to £11.44 per hour from April 2024. The higher rate will also apply to 21 and 22-year-olds for the first time.
Your business
News
Employers warned payrolling of benefits is to become mandatory
Whitley Stimpson are forewarning employers that they will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind through payroll.Â
Mandatory payrolling of benefitsÂ
The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.Â
Outsourcing your payroll services
The payroll function is a vital part of any business and you cannot afford to make any mistakes. Administering the payroll can be very time-consuming, diverting your energy and resources from focusing on your core business objectives.
Our payroll service is entirely tailored to your organisation’s unique requirements, and provided by qualified and dedicated staff who are trained to make sure they are up to speed with current legislation.Â
The wide range of services offered by our payroll experts includes:
- Full management of payroll processing, including payments, calculations, and processing
- Payroll journals for inputting to your accounts
- Compliance with real time information (RTI) submission requirements
- Auto enrolment, pension assessment, and administration
We use the highest quality, specialist software to administer this increasingly complex process which presents a cost-effective and reliable alternative to in-house and other traditional back-office support functions. Additionally, your business will have a dedicated point of contact to answer all of your questions, ensuring a consistent ongoing partnership.
Auto enrolment
The legislation regarding auto enrolment is one of the biggest changes in the workplace for many years and is aimed at ensuring that more employees are saving for retirement with a pension. Currently aimed at small businesses, we are delighted to offer specialist help in guiding you through the application or procedure.
Learn more about employer duties for automatic enrolment with the Pensions Regulator’s Staging Date Checker and Duties Checker.
Change to Whitley Stimpson
Step 1
Confirm to your accountant that you wish to move to Whitley Stimpson
Step 2
Supply Whitley Stimpson with your existing accountant’s details
Step 3
Relax. We’ll handle the rest.
Partners in your progress
If running your payroll is becoming time consuming, talk to us now and we’ll help so you can focus on running your business again.