How much time do you spend on your employees pay?
Wages take up time – your time – time that you would probably rather use to run your business and let’s face it, calculating tax, national insurance, sick pay, overtime, pensions contributions, maternity benefits, student loan deductions is not a job for the faint hearted.
Hiring an accountant will offer comprehensive online payroll services, at a fixed cost, with flexible payroll inputting – email or fax or post.
All you need to do is provide them with the employee details and explain their salary. All of your legislative requirements are looked after and take on the day to day running of the PAYE scheme.
Remember, even a one person company has to be registered for PAYE and the taxman will not allow you to simply draw dividends, even if it is more tax efficient. A financial consultancy service can help you understand what your business needs. See more information.
What else can an accountant do for you?
An accountant can produce your payslips, at whatever intervals you nominate, whether that’s weekly, fortnightly or monthly, tell you what tax and National Insurance contributions are due, complete any P45’s and P60’s and then complete all the end of year returns. Find out more.
Any changes that may affect your payroll, such as increases in the basic rate of pay or National Insurance contributions will be informed to you by the accountant you have been dealing with.
If you have any questions that need answering about payroll or tax, they are able to advise you on any queries that you have.
So whether you’re a one man operation, a small family business or a growing organisation you can take away the worry that your employees are getting paid correctly by outsourcing all your payroll requirements with a registered and qualified accountant.
Free initial consultation with leading London accountants
Most Money is a London based accountancy agency – part of the GSA Group. They serve all London areas, including Ealing, Hounslow, Hammersmith and Chiswick. Click here to contact Most Money.
This ACCA accredited accountancy practice can offer you a number of services, such as:
- Payroll for umbrella companies
- Professional tax advice
- Book keeping