Payroll

Payroll is becoming an ever more challenging field to navigate, with numerous deadlines and legislative requirements for compliance. Many  businesses find staffing this intermittent activity difficult and see outsourcing  to a specialist RTI compliant payroll bureau as the obvious workaround.

We offer a complete RTI-compliant payroll bureau service, to free your time and allow you to concentrate on running your business, operated from our Ely office. The basic outline of the service is that you advise us of the gross pay and we calculate the net pay, supply you with security payslips and advise you how much PAYE and NIC to pay HMRC. Some of the more specific areas our service covers are:

  • Payroll for weekly, fortnightly, four weekly, monthly, quarterly or annual pay periods.
  • Submission of all relevant RTI returns, including Employer Payment Summary (EPS), as required.
  • Preparing all necessary forms P45s, when an employee leaves,
  • Arranging for your employees to be paid by BACS, or other electronic means,
  • Providing ongoing ad-hoc support for all of your payroll queries,
  • Assistance with the calculation of holiday pay in response to the changes due to tribunal decisions from late 2014,
  • Performing PAYE/NIC health check reviews, prior to an HMRC control visit,
  • Administering CIS, including submission of CIS300 returns and CIS payslips for your subcontractors,
  • Advising you in relation to the payroll implications of IR35,
  • Advising you of the journals necessary to update your computerised accounting records,
  • Tax efficient remuneration planning, including salary sacrifice and directors remuneration,
  • Keeping up-to-date with changes in legislation affecting your responsibilities as an employer,
  •  Assistance with Auto-Enrolment maintenance and compliance. Working along-side our sister company Whiting & Partners Wealth Management Ltd we can offer a full end-to-end service to help you meet your auto-enrolment employer duties.

As well as releasing your time and ensuring the quality of payroll administration, outsourcing this function will usually save you money. We will be responsible for software updates, purchasing stationery and staff absenteeism cover. We will also ensure that you pay no more PAYE/NIC tax than you absolutely have to. Clients who are fearful that their payroll administration may be investigated by HM Revenue & Customs may wish to consider taking out our tax investigation insurance.

Whiting & Partners Outsourced Payroll Bureau Updates:



 
Latest Blogs in Payroll
 
Ruth Pearson
9th August 2017 Taylor Review of employment practices

  The long awaited Taylor Review of employment practices suggests that a national strategy is needed to help provide security in such areas as wages, quality of employment, education and training, working conditions, work life balance and the ability to progress at work. One of the areas of focus relates to the ‘gig’ economy, with…

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Julie Quayle
9th August 2017 Automatic enrolment reaches 8 million

  The Pensions Regulator (TPR) has confirmed than eight million employees have signed up for a workplace pension since the launch of automatic enrolment. The introduction of automatic enrolment was expected to lead to around eight million workers saving more for their retirement and this milestone has already been reached with hundreds of thousands more…

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Julie Quayle
12th July 2017 Auto Enrolment Duties from October 2017

New employers after 1 October 2017 will not have a staging date. If you become an employer for the first time on or after 1 October 2017, you will immediately have legal duties with regards to Auto Enrolment. These duties apply from the first day the first member of staff starts working for you. This is…

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Julie Quayle
12th June 2017 Complying with the National Minimum Wage

HMRC recently published a list of excuses used by employers for not paying workers the National Minimum Wage: The employee wasn’t a good worker so I didn’t think they deserved to be paid the National Minimum Wage I thought it was ok to pay foreign workers below the National Minimum Wage as they aren’t British…

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Julie Quayle
31st March 2017 Payroll Update: Mar-17

The team at Whitings payroll bureau have produced their latest newsletter, to keep clients updated on relevant recent changes to payroll and related legislation: Edition 6 – March 2017 Blog entry by: Julie Quayle.

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Philip Peters
24th February 2017 Renewal Premiums

Tax Investigation Insurance: Premiums for 2017-18 policy year. Prices unchanged from the previous year:   Limited companies with turnover >£20m                    POA Limited companies with turnover £10m to £20m     £540 Limited companies with turnover < £10m                   £185 Partnerships and LLP’s                                                     £155 Sole traders                                                                         £100 Private clients                                                                       £40 Our tax investigation insurance business is…

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