Why Do Companies Use Our Payroll Services?
Payroll Services can be tricky & time-consuming. They are also one of the most business-critical functions there is. Our dedicated accountants for small business team do payroll for you. You focus on growing your business instead!
Why Choose Us?
A Tailored Package With A Fixed One-Time Fee – We take the time to understand your business and its goals, creating a bespoke accounting package for you. Our package comes with a fixed fee so you don’t have to worry about surprise bills.
We Take Care Of It All – Internal payroll is a money-burner. Our clients turn to us to handle payroll software for small businesses. They then focus their efforts on business development, sales and other functions.
Stay On The Right Side Of Legal Compliance – Legal compliance can be quite the headache. An ever-changing payroll code means you will spend most of your time staying on top of complex legislation. Our business accountants stay updated and informed so you don’t have to.
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What Is Included In Our Payroll Accounting Service?
- HMRC PAYE Registration – With correct employee classification.
- Employee Pay Calculation –
- Including gross/net pay
- Including overtime & bonuses
- Including deductions such as NIC
- Including student loan repayments
- Many more
- Tax & National Insurance Compliance –
- Correct PAYE tax deductions
- NIC contributions
- CIS deductions
- HMRC Communication – We accurately submit real time information (RTI) to HMRC for each pay period.
- Pension/Benefit Management – Enrolment of employees into workplace pension schemes where eligible & administration of many more benefits such as healthcare or bonus schemes.
- Payslip Generation & Record-keeping – Accurate payroll records maintained in case of an inspection or investigation.
- Year-end reports & Compliance –
- P60 generation/distribution at the end of the year
- P11D form preparation for eligible employees.
- Final payroll submission to HMRC at the end of the tax year.
- Payroll Management/Tax Payments – We ensure the payments are made on time avoiding penalties and interest.
- Payroll Query Handling – We can act as a point of contact for employees with payroll-related questions. We can investigate and resolve issues if employees believe there are discrepancies in pay or their tax code may be wrong.
- Legal Compliance – Updates in changes to employment law, tax codes, minimum wage rates & other regulations. Compliance with rules for paying employees during sickness or holiday leave.
- Management of HMRC Inspections & Audits – We will liaise with HMRC on behalf of the business.
- Advice on Employee Contracts & Benefits – Assistance in structuring employee compensation packages in a tax-efficient manner, minimising tax liabilities.