If you’re starting up a business in High Wycombe, then sorting out a proper payroll system could seem like a daunting task. There’s the matter of ensuring that you hit the National Minimum Wage, there’s organising Statutory Sick Pay, ensuring that accurate and regular pay slips are sent out, PAYE systems are set up, payroll records are up to date and maintained and pension deductions are properly made.
That sounds like a lot to do! Don’t fret, however. A qualified accountant can provide payroll services, business advice and tax advice to make sure you have enough time to actually run your business on a day-to-day level. On this page we have given a little bit of information about how we can help your company with organising payroll. And even if you own a well-established company, we can help you with your payroll to leave you more time to focus on more pressing and important matters.
Calculation – We will calculate all Income Tax, National Insurance contributions and miscellanea payments required from all PAYE staff at your firm. A ShennanS accountant can also calculate P60s for all your employees on an annual basis. Many High Wycombe area firms trust us to calculate every aspect of their payroll, granting them peace of mind knowing they won’t miss deadlines or make a mathematical mistake.
Comprehensive Reporting – Our firm can compile and send a final payroll report, as well as an annual expenses and benefits report to HMRC. If you require tax advice and business advice based on your final reports, we would be more than happy to offer it.
Compliance Monitoring – Many companies across High Wycombe aren’t always 100% sure they are complying with all legal requirements. We can monitor your firm and make Real Time Information compliant submissions to HMRC whenever you make a payment to staff. This ensures you won’t feel the wrath of the tax man and get slapped with a costly penalty.
Payroll services are by no means the only way that a ShennanS accountant can assist your business. If you’re in or around the High Wycombe area, we can provide you tax advice and business advice that will help you cut down on costs and improve your margins.