Payroll

Running payroll can be like Groundhog Day and consequently most business owners tend to dislike it. I am yet to meet someone who likes it!

It can be repetitive and very confusing: tax codes, pension enrolment, reports ahhh!

So, I am here to help you, there are huge benefits of outsourcing your payroll.

Payroll is the process of paying a company’s employees. Which includes recording employees pay, calculating deductions and issuing payslips. Then making submissions to HMRC and pension providers on a weekly, fortnightly, or monthly basis, typically monthly.

Payroll can sound simple, but in reality, it’s a very complex process, which a specialist should be doing, to ensure you’re compliant with HMRC.

As it’s important that employees get paid correctly, submissions are made on time and you make the correct HMRC and pension payments.

Director only payroll is all in the name, it’s when the director/s are added to the payroll and there are no other employees.

It’s a simple and cost-effective payroll to run as the salaries are typically fixed and monthly.

A lot of clients I work with have director only payroll set up, for the potential tax efficiencies.

★ Peace of mind – Removing the burden of running your own payroll, leaving you to focus on what you do best.

★ Accurate and on time ­- The payroll will be run accurately and on time by a payroll specialist. You will then receive a simple report on what payments need to be made.

★ All in one place – It works great, when you have your accounts and payroll in one place, a joined up finance system. I can ensure your payroll information is added to your accountancy software.

★ Specialist – You can get your payroll queries answered quickly, along with working together to ensure you’re on the most efficient salary.

If your payroll has your head in a spin or you would like to discuss setting up payroll in your business, book a 15-minute discovery today, by clicking here and filling in a few details.

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