Payroll

If you employ staff then you will have statutory filing deadlines to meet for filing forms and making payments to HM Revenue & Customs (HMRC). Whatever the size of your company, processing Payroll uses up valuable resources that could be out to far more productive use. An onerous chore, Payroll is easy to get wrong and can lead to serious consequences with the Inland Revenue if incorrect. We provide a service run by a qualified team of professionals using the most innovative and latest software that will aid the running of your business.

We will provide a tailor made service which shall protect you from constantly changing government legislation and shall give you total peace of mind from obligations, penalties and interest added to your employment costs. Penalties are now issued automatically and arise when employer return forms are submitted late or when the tax and National Insurance deducted from employees wages is paid late to HMRC.

Payroll services will include:

• Compliance with the latest government legislation.
• Customized pay slips showing the respective Tax, National Insurance payments.
• Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, pension etc
• Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue
• Submission of payroll Real Time Information (RTI) – Full Payment Submission (FPS),Employer Payment Summary (EPS) and Final declaration for the year.
• Summaries and analyses of staff costs
• Administration of incentive schemes, bonuses, and ex-gratia and termination payments
• Administration of pension schemes
• Backup support and help line available

Real Time Information (RTI)

Under the new RTI regime, employers and pension providers have to submit information to HMRC regarding deductions they have made for PAYE, NICs and student loans when or before each payment is made, rather than at the end of the year.

Advices

Our clients are very happy with reports and customized payslips we process in regards to their companies. Our service is on timely and accurate manner.

Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

Pension

The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’. Auto Enrolment is being rolled out gradually over the next few years, so once you have found out your staging date, you need to begin planning.

Whether you’re a hairdresser, an architect or employ a personal care assistant, if you employ at least one person you are an employer and you have certain legal duties.

We recognise that most employers will want to do the right thing for their staff. Our overall approach is to Process Pension Regulation Duties and enable you to comply with the legislation. This puts you in a position to make the right choices and decisions. However, the responsibility for complying will rest with you, the employer.

We will promote good compliance behaviour among employers by ensuring that the legislation is being applied fairly.

In cases where you haven’t understood your duties or have been unable to comply, we’ll work with you to get you compliant.

What we do

• Giving an understanding of the Automatic Enrolment process and obligations.
• Selection and implementation of a suitable pension scheme.
• A payroll process that fully integrates the assessment of staff and the calculation and deduction of pension contributions.
• Dealing with staff opting out and opting in.
• Paying over of those contributions to the pension provider and reporting to them.
• Issuing the Declaration of Compliance.

Contact us on info@globeaccountancyservices.com today to discover how you could benefit from our payroll and Pension service.