Payrolls
Payroll is an essential part of your processes. You are required to collect tax and National Insurance under the PAYE system. Failure to comply will result in penalties.
Payroll can be complicated including processing statutory sick pay, statutory maternity pay, and occupational pension contributions, however, few employees will tolerate being paid late or incorrectly.
Keeping on top of your payroll can be time consuming, and time is important in a business. With the growing complexity of taxation, employment legislation and Govenment penalties for non-compiance the task of administering your payroll becomes more difficult.
Our chartered accountants will take care of the work for you including:
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments