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:



 
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