Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance. It is crucial that, as an employer, your staff are paid on time and under the correct tax code.
The main reason some businesses outsource their payroll functions is to save time and money, as it eliminates the requirement for in-house trained payroll staff, and appropriate software packages. Most importantly, as mentioned above, it removes the burden of ensuring the business is compliant with updated PAYE legislation. With the recent introduction of the new General Data Protection Regulation (GDPR) it is more vital than ever to ensure that employees’ details are kept secure and processed according to the new rules.
We have a dedicated team that can assist with providing a comprehensive and confidential payroll service. Even if you have only a few employees, you will make savings by engaging us to administer your payroll.
Our dedicated payroll team deal with all sizes of companies across a variety of sectors – dealing with different frequencies, every component/deduction you could imagine and have experience dealing with just about every pension provider out there! It’s all about service and deadlines and the team are both confident and comfortable with that – we provide a timeline to ensure smooth transfer of information. We can create a report for you that would allow us to import directly from you and we would provide you with all the reports you require at your end and we could, if required, make payment to your employees via our BACS bureau. We can make payment to HMRC and manage the relationships on their behalf. Our software accepts direct downloads from HMRC and we would distribute payslips and P60’s via e-payslip.com.
Our full payroll service will include (but can be tailored to suit):
We have taken several additional measures to ensure compliance with GDPR:
One of the most important areas for any business is that of the processing and paying of salaries and for submitting the required paperwork to HMRC. Payroll is not just the push of a button that it was once perceived to be and in many cases wages and salaries can be the biggest expense for many companies. It is made all the more complicated by the countless number of components and deductions and ensuring the correct treatment is applied. It is, therefore, no real surprise that companies end up paying fines for incorrect treatment or for not complying with legislation.
If you do your own payroll in house and you would like a health check to ensure that you are applying the correct processes, then we would be happy to assist you with this.
You can engage us to perform a one-off payroll health-check on your payroll records. For this health check, we would provide a dedicated payroll specialist to examine the records in question, concentrating on areas that we consider to be a likely area for errors to occur. This will include, but will not be limited to:
When you engage our service, we will request information and required documents to perform the check. We will review the payroll records submitted to us and highlight any discrepancies, as well as make relevant recommendations to ensure compliance going forward.
Click here to see what we have planned for this year's National Payroll Week.
What we did
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Playing our part in the growth of Guy & Co
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Your team will be headed up by Director & Head of Payroll Linda Kelly, who is supported by a team of eight at our Stirling office and two at our Dumbarton office.