Payroll Accounting Made Easy
The complexity of today’s digital environment can disrupt outdated payroll systems. Our experts will help you navigate statutory requirements and install a payroll function that is secure, confidential, flexible and cost-effective.
Regardless of the challenges you encounter, we are confident our certified accountants will find the solution that best suits your business needs. Our payroll services are tailored to your requirements and make managing salaries simple.
We will perform set up, maintenance and timely processing of your payroll accounts and calculation of salaries
Our qualified chartered accountants prepare your year-end financial reports and submit relevant taxation reports
We implement a flexible and secure system that limits access to payroll data and enhances confidentiality
We use HMRC-compliant software and our years of expertise ensures you avoid unnecessary penalties
Reduce Costs, Improve Efficiency
HM Revenue & Customs insist companies use payroll systems and software that are fully RTI-compliant. This means you are obligated to report salaries and tax payments on or before payday every month. Late submissions will incur fines – as much as £400 plus 5% penalties for incorrect tax and NIC calculations.
Confidence and Confidentiality
While digital technology helps improve efficiency and lower costs of your payroll function, it is understandable that you may have concerns around privacy and confidentiality.
We use Xero and Clearbooks – reputable accountancy software that incorporates multiple layers of security to keep sensitive data protected and private. You can be confident your payroll data will remain confidential.
Tailored Payroll Services
Organising payroll accounts is one of the most complex and time-consuming obligations SME’s and contractors are challenged with. Our payroll services remove the burden and ensure you are HMRC compliant and up-to-date.
Our qualified accountants prepare payrolls, calculate salaries, NIC, personal income tax and health and unemployment insurance. We also organise your annual accounts and submit year-end tax reports to HMRC.
Our payroll service will include the following
- Administrate PAYE, National Insurance, statutory sick pay, etc.
- Complete and submit statutory forms, including year-end returns, P35, P60s, P45s and P46s.
- Summarise and analysis of the staff costs.
- Administrate bonuses, incentive schemes, and ex-gratia and termination
payments. - Produce customised payslips.