Payroll Services Specialists
Submission of all relevant reports to HMRC.
Calculation of holiday pay, sick pay in the event of illness, maternity leave, and more.
Issuance of P60 and P45 year-end summaries.
Payroll Services Specialists
Contrary to some misconceptions, managing payroll and ensuring employees receive their wages in a timely and orderly manner involves serious work. We are an experienced payroll accountancy that is able to make accurate payroll payments in accordance with all the relevant rules and regulations.
Pay employees on time, every time
Managing payroll is not simply a case of deducting the value of wages from a company’s income and then paying it to the employee thereafter. If that were the case, the whole process could be automated. The reality is different. There are many circumstances to consider, which make total automation impossible – holidays, sick leave and pension contributions to name but a few. Outsourcing payroll administration to an accountancy partner can save undue hassle and time for small and mid-sized businesses, as well as sole traders and partnerships. By leaving the particulars to us, you can be free to do what you do best – run your business.
ATF Accountancy payroll services include:
- Execution of payroll on a weekly, fortnightly, four-weekly or monthly basis. We usually only deal with reporting – the transfer of payments is usually made by our clients (the employer).
- Production and distributions of payslips to employees (via email).
- Deductions of National Insurance , Income Tax and private pension payments through the payroll system.
- Submission of all relevant reports to HMRC.
- Calculation of holiday pay, sick pay in the event of illness, maternity leave, and more.
- Issuance of P60 and P45 year-end summaries.
Payroll and pensions: Auto enrolment
If an employer employs a person between the age of 22 and the legal retirement age, and that person earns at least £10,000 a year, the company is obliged to create a private pension plan, to register the employee in that plan, and to pay pension contributions. We can help with this process, from registration to reporting, and linking to payroll. We also fill in the necessary declarations via The Pensions Regulator website. These are just some of the payroll services and assistance ATF Accountancy can provide – in practice, this process can be even more complex.
Proper management of payroll requires thorough professional knowledge, competence, a continuous expansion of knowledge and the monitoring of statutory changes. We are able to deliver all of this to our clients.
Are you looking for Accounting and Tax Advisory services in Norwich ?
Schedule a free, no obligation consultation with one of our specialist accountants by phone or meet us in our Norwich based office.schedule a meeting