Is an integral part of all organisations. The payroll department is not only responsible for employees’ salary compensation, but it also plays a vital role in protecting the company’s reputation by ensuring compliance with various legislation. Payroll affects every aspect of the organisation, from the reputation of the company right down to the morale of its employees.
We provide full payroll services and client can choose to have cloud based payroll solutions. This enables our clients to have access to all the historical data including payslips, periodic reports and PAYE payments, anytime from anywhere.
The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’.
Whether you’re a hairdresser, an architect or employ a personal car
e assistant, if you employ at least one person you are an employer and you have
certain legal duties.
We can help you to register and set up the Pension scheme and also manage the Pension scheme on your behalf. We will provide you the periodic reports showing the calculation of contribution due as an employer and deductions made from employee into Pension scheme, so you will have full peace of mind and need not have to worry about fulfilling this legal obligation.
Benefits in kind
Benefits in kind are benefits which employees or directors receive from their employment but which are not included in their salary cheque or wages. They are sometimes called ‘perks’ or ‘fringe benefits’. They include things like company cars, private medical insurance paid for by the employer and cheap or free loans. Some benefits in kind will not be taxed. Benefits in kind will not be taxed for people who earn less than their personal allowance. Some benefits in kind will be taxed for everyone, whatever their income.
At the end of the tax year P11D form needs to be submitted to HMRC for each employee you’ve provided with expenses or benefits.
We can deduct and calculate the tax amount through our payroll systems and calculate the Class 1A National Insurance you owe.
Why should you outsource above functions to us:
- So you can focus better on your core business
- Get access to expertise and technology
- Reduce costs and risks and fulfill legal duty
Please remember, we are always a phone call away from you.