Aside from the basic bookkeeping and tax services that we offer, we also have the expertise to completely overlook and manage the payroll accounting function of your company, regardless of the number of employees that you have. We can handle your payroll needs based on your specifications and other requirements to make sure that all of your employees are accurately paid, your taxes are correctly calculated and other payroll concerns are properly handled.
Some of the payroll services that we are offering would include: the generation or printing of employee pay slips; the direct depositing of the employees’ salary into their bank accounts; setting up an automated payment system for your employees; the production of monthly summaries; the management of leavers and starters; the generation of departmental reports; the completion of CIS returns; the provision of staff cost analysis; calculation of payroll taxes; the filing of the quarterly and the annual payroll reports; PAYE returns; HR tracking and reporting; timekeeping; and the depositing of the withheld amounts with the appropriate tax authorities.
At the end of the year, we can also generate all necessary forms and documentation including the: Employer Annual Return P35; P11D and P9D benefit and expenses returns; and Employee summary P60′s and P14′s.
We also offer comprehensive advice on tax planning and on various employment tax issues such as: tax efficient remuneration strategies; termination payments; company car strategies; benefits planning; options on retirement and savings plans; and inducement payments.
There are many benefits of outsourcing your company’s payroll functions to us. Here are some of them.
First off, you would be able to save plenty of valuable time. Although payroll-related tasks are generally very basic, they are time-consuming, laborious and paperwork intensive. Through getting our payroll services, you would be able to make sure that all payroll-related tasks are properly attended to and managed.
You would also be able to make sure that your company’s payroll function is handled using the latest in payroll technology. We make use of the state-of-the-art programs handled by our fully qualified personnel to ensure that we would be able to deliver payroll services that are of the highest quality.
Through availing of our payroll services, you can make sure that everything would be done accurately, minimizing the risks of committing mistakes that could result to your employees becoming upset or your company being penalized. We make it a point that we go through all the details before generating reports and other payroll-related documents.
Outsourcing your payroll to us would also mean reduced costs for your company. This is because your overhead costs would significantly be reduced. You also need not pay for in-house software and support costs since we would be the one to handle all of these for you and your company.
Lastly, since we would be managing the payroll function of your company, you would be able to focus and devote your time to the other core aspects of your business. Also, because we can also offer valuable advice regarding other payroll-related issues and concerns, you would be able to develop new ideas and strategies that would benefit not only your company, but also your employees.