What is Payroll?
Running payroll services for a business is no longer just an admin task. It requires expertise in HMRC’s RTI (Real Time Information) software and a thorough understanding of employment law obligations. The cost of non-compliance can be significant, both in potential penalties and the time spent dealing with government enquiries.
Our professional payroll services ensure you stay up to date with ever-changing regulations and legislation. By outsourcing your payroll to us, you can focus on growing your business, confident that you are fully compliant with HMRC requirements.
How FM Accounting Payroll Services Can Help:
Simply provide us with your payroll management preferences, and we'll handle the rest.
- Issuing payslips. - Calculating periodic PAYE liabilities. - Real Time Information reporting. - Payroll year-end compliance (P60s, etc.) - Statutory maternity and paternity pay. - Statutory sick pay. - Holiday pay. - Redundancies.
Clients can expect
Customised payslips
Administration of PAYE, national insurance, statutory sick pay, and maternity pay
Completion of statutory forms and year-end returns for HMRC
Summaries and analyses of staff costs
Administration of incentive schemes, bonuses, and termination payments.
Administration of pension schemes
Let us manage this crucial area of your business, ensuring full compliance and peace of mind.
Payroll services includes:
Streamline your payroll process with our comprehensive services: precise wage calculations, tax deductions, benefit management, tax processing, detailed reporting, and expert assistance with year-end filings and legislative compliance updates.
- Providing detailed payroll reports
- Managing benefits and deductions
- Calculating employee wages
- Deducting taxes
- Processing payroll taxes
- Generating payslips