Payroll Companies in the UK & Gloucestershire
Completing the payroll for your company can be a very time consuming operation. It can be even more time consuming if your staff haven't trained in it. It is important to complete your payroll accurately as errors can demotivate your staff or result in fines from HMRC.
That's why many companies choose to outsource their payroll. There are many Company with fully trained staff. Payroll companies in the UK may run as part of an accounting firm or they may focus entirely on providing payroll services.
Payroll companies offer a wide range of services to their clients, you can pick and choose which is right for you.
◘ Typical services include:
◘ Calculation of pay
◘ Production of electronic or sealed payslips
◘ Payment to your employees' bank accounts through BACS
◘ Full payroll management reports
◘ A nominal ledger journal for your accounts department
◘ They will also calculate all deductions and variations to payroll including student loans, statutory sick pay, statutory maternity pay, statutory paternity pay and pensions.
◘ Many also offer a full liaison service with HMRC.
Your information will be sent electronically each month and answer any queries raised. As well as producing year end returns such as P60s and P35s for your company.
As of April 2013, all employers in the UK have had to report their PAYE information to HMRC in real time. This is known as Real Time Information (RTI).
RTI means that you must report to HMRC every time you pay an employee at the time you pay them. When you are looking for a payroll Free Accountant, choose one that provides RTI so you are fully compliant.

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