Payroll Services – Flexible Payroll Support & Help for Any Sized Business
Payroll is related to how employees’ Pay As You Earn (PAYE) wages and deductions – such as Income Tax, National Insurance (NI) and pension contributions – are calculated, submitted to HMRC and recorded. Ensuring the correct amount is paid on time to each member of staff, every week or month, is one of the most important tasks for a business to get right – get it wrong and the best case scenario is you’ll be faced with is an angered workforce. At worst, it could impact the accuracy of your company accounts and HMRC isn’t in the business of being very forgiving; missed Real Time Information (RTI) returns come with a penalty, starting at £100, and any underpaid taxes and National Insurance (NI) accrue interest.
Adams Moore’s managed payroll service is not a one size fits all approach, but instead we will listen to your aims and develop a solution that will be truly beneficial.
In smaller companies, payroll is often placed within the remit of a wider admin and finance role, but then processes, resources and expertise aren’t adjusted at the same rate as the business grows. Therefore, other reasons why firms approach us for payroll support is to remove the need for in-house investment, recruitment and training, while being confident of associated costs.
You may have also found that the legislative requirements around pension auto-enrolment are time consuming and complex, so we offer peace of mind here too, ‘crossing the Ts and dotting the Is’ on your behalf. Adams Moore will remove the majority of employee payroll related work from your hands so you can focus on the day-to-day, and enable you to easily forecast and adhere to budget assigned to payroll activity.
Flexible Payroll Support and Management
> We can manage weekly, fortnightly, four-weekly, monthly and ad-hoc pay dates
> We can look after one to 500 plus employees
> We will separate payroll data into departmental lists
> We don’t charge for simple amendments
> We offer unlimited payroll support over the telephone
Taking the Payroll Load
> We have knowledgeable professionals dedicated to payroll activities
> We keep abreast of all legislative changes and will keep you informed
> We are fully compliant with HMRC processing rules
> We will ensure your staff receive their pay securely
> We file all payroll documents online
> We use the latest Sage payroll software and our Quality Management System monitors results and accuracy of the data throughout the processing cycle
A Simple Payroll Process
> You initially provide salary or hourly rate details of each employee and pay dates
> You then provide the information of days or hours worked for the period of pay – you can do this via telephone, fax, post or email
> Or if you give us the correct salary information and pay date, we will do the rest
> We make the correct calculations, including tax, NI, maternity leave, student loan payments and pension costs
> We will make submissions via Real Time Information to HMRC
> We will return all calculations to you promptly
> We will create payslips and return to you for distribution, or we can post payslips direct to employees’ home addresses
> We will advise you of the PAYE and NI liabilities due
> We can also ensure the correct monies are transferred to each individual from your company account
Adams Moore’s office is located in central Tamworth so many clients are based in Sutton Coldfield, Lichfield around the whole of Birmingham, and in Tamworth itself. However, we help limited companies, sole traders, not-for-profits and partnerships across the UK to execute their payroll and run their businesses smoothly. Wherever you’re based, we’re happy to offer you our free accountancy and business advice consultation.
What Else is Included in Adams Moore’s Payroll Support Service?
> A free initial consultation
> An assigned Payroll Clerk
> Unlimited telephone support
> Pension Auto Enrolment assessment
> Report filing via RTI
> Automatic application of changes to legislation regarding taxation, NI contributions, pensions. etc.
> Automatic archive of your payroll and reports – files are held for the statutory 4 years
> Automatic update of tax codes following Budget changes
> Application of Student loan legislation
> Management of Statutory Sick Pay, Statutory Maternity Pay and Statutory Paternity Pay
> Processing of required forms to record starting employment, leaving employment and year end (P45, P46, P60)
> Application and monitoring of Court Orders
> Direct contact with HMRC on all payroll related matters, including dealing with routine correspondence and queries from the government department
> Processing and claiming of employment allowance
> Production of P11D form that details benefits and expenses provided to company Directors
> Answering employee queries (normally through your coordinator to preserve confidentiality)
Implementing or achieving ongoing compliance can be nerve-wracking, time-consuming and costly, so outsourcing your payroll to an experienced accountancy and business advice firm like Adams Moore has numerous benefits. You can also be assured that we undertake activities with the minimum amount of input from you and the simple process removes the need for monthly liaison.
Call us to arrange a free consultation where we can explain more about our comprehensive, hassle-free payroll service.