Fiducia TogetherPayroll
Paying people correctly and reporting it in real time. Deadlines are monthly and automatic.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
What it means
Payroll calculates gross pay, deductions and net pay, reports to HMRC on or before each payday through a Full Payment Submission, and pays over the tax and National Insurance.
Why it matters
Errors here are visible to staff immediately and to HMRC monthly. Penalties for late filing and payment are automatic and escalate.
What it looks like in practice
Most small employers use software or a bureau. The employer's costs beyond salary are employer's National Insurance, pension contributions and the apprenticeship levy above a threshold.
What to watch out for
Getting a leaver's final pay wrong — accrued holiday, notice, and the P45. And paying someone as self-employed who is really an employee, where the liability lands on the employer.
Where to get proper advice
A payroll bureau, which is inexpensive and removes a whole category of risk. HMRC's employer helpline is free.
Where to read more
Last reviewed 2026-08-28 by Fiducia Together · Next review due 2027-08-28
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.