Payroll Service

Payroll Service

For many growing businesses, taking on employees is a pivotal moment. However, hiring employees brings with it a range of legal responsibilities to them and to the Government not least payroll. Ensuring the payroll is run on a timely basis, the correct tax code is used for each employee, which then means the correct amount of tax is deducted from their gross pay, can be a minefield and very time consuming. In addition, there are national insurance deductions, statutory sick pay, maternity and paternity pay, student loan deductions and benefits-in-kind to be considered. All this must be reported to HMRC and paid over to them on time each month. If this wasn’t enough pressure for someone trying to steer and grow a business, incorrectly submitted RTi (Real time information) can result in a fine from HMRC.

Ensuring your payroll is accurate and run on a timely basis is fundamental to keeping your best employees. HMRC’s increasing mandatory reporting and filing requirements are an unwelcome distraction for most businesses owners. As a result, many of our clients trust us to manage their payroll service on their behalf to ensure it is run correctly, on time and without errors.

a burden-free payroll service from Gibson Accounting

Our clients know to trust us with all aspects of their payroll service, based on our long working relationship with HMRC. Our services include:

• Payroll services tailored to the needs and size of your business
• Pay runs weekly, fortnightly, 4-weekly and monthly
• Payslips sent to you, or direct to staff
• Electronic filing with HMRC
• Calculation of all statutory payments and liabilities
• All regulatory forms, such as P14, P35, P45/P46 and P60 covered

Auto-enrolment into a company pension scheme

As of 2016, it will be mandatory for all UK employers to enrol staff into a company pension scheme. In addition to organising the enrolment, employers will be required to make minimum contributions into the scheme with all employers in the scheme by 2018. As a result, all employers need to factor this in to their payroll service to ensure full compliance. At Gibson Accounting, we ensure we keep up to date with all facets of the new legislation so you don’t have to.

To find out how the team at Gibson Accounting can set up and organise a bespoke payroll service that is tailored to your business needs, simply contact us via the below contact form to arrange an appointment to discuss your options.

ACCOUNTANCY SERVICES

Need Some Advice?

Please contact us if you would like any further information.