Payroll
Administering payroll has become increasingly burdensome for many businesses, taking more and more time and resources away from core business functions.
Real Time Information (“RTI”) is a new way of reporting payroll information and it requires that employers submit payroll information to HMRC in real time, every time a payment is made to an employee. Failure to do so will result in late filing penalties. Employers are also now required to automatically enrol employees into a workplace pension scheme, and this adds a further layer of complexity onto the payroll process.
Fortunately payroll can easily be separated from your other accounting activities and outsourced to a specialist agency such as our team of payroll professionals.
We offer a completely confidential and cost-effective service that includes:
- Free initial set up
- Electronic or paper payslips for your employees
- Calculation of tax, student loan and national insurance payments due to HMRC
- Electronic submission of FPS and EPS returns to HMRC
- Statutory sick pay, maternity pay, paternity pay and shared parental leave calculations
- Holiday pay, notice pay and redundancy pay calculations
- Production of P60s and P45s
- Advice on taxable benefits and preparation of P11D returns, where required
- Assistance with pension schemes, including compliance with auto enrolment regulations
Contact Us today to discuss how we can help you save time and money with your payroll administration.