Payroll, PAYE & Pension auto enrolment
Parkes & Co Accountants, can run your payroll system, deal with all PAYE and RTI administration and provide timely advice in dealing with HMRC issues. Our experienced business team handle employee payslips, monthly summaries, departmental reports, and leavers and starters. We can also analyse staff costs, set up automated payments, and complete your Construction Industry Scheme returns if required.
What is automatic enrolment?
The law on workplace pensions has changed. Every employer with at least one member of staff now has new duties, including putting those who meet certain criteria into a workplace pension scheme and contributing towards it.
This is called automatic enrolment. It’s called this because its automatic for your staff, they don’t have to do anything to be enrolled into your pension scheme. But it’s not automatic for you. You need to take steps to make sure they’re enrolled.
Here at Parkes and Co, we can offer you a full enrolment service from knowing your staging date, to administrating collections of pension premiums from employee and employer and advising of payments payable to the pension provider, with a qualified team who are registered with The Pensions Management Institute. Who will “hold your hand” and guide you through this transitional time.
Whether you have a small business with a few employees, or an organisation with hundreds of clerical and production staff, you will understand the time-consuming nature of payroll and PAYE administration. Small businesses and large enterprises all have to cope with paying their staff on time, ensuring that they deduct the appropriate amounts of tax, provide payslips plus all of the other duties and commitments associated with employing staff. The company’s dedicated payroll and PAYE staff will actively remove this burden from your business timetable, enabling the time previously spent on payroll to be better reallocated to furthering your business.
Our cost effective service includes everything from producing your payslips to delivering them directly to your business address or email address. Parkes & Co can provide HM Revenue & Customs all of the appropriate remittance slips and wages details for each employee, as well as providing a comprehensive report and filing service that fully complies with the statutory requirements. Every employer needs to account for their employee’s tax and National Insurance deductions to HMRC. This is normally carried out weekly, monthly under the new Real Time Information (RTI) regime. You can choose to run the service from your own business premises, or from our centrally located offices in Kingswinford, West Midlands.
Our payroll service is totally flexible adapting to every business’s unique requirements, and includes ...
- Advice on tax and NIC payable
- Attachment of earnings
- Benefits planning
- Child maintenance orders
- CIS returns completed by us
- Code number changes
- Company car and van strategies
- Company, personal & stakeholder pensions
- Customised and generic payslips
- Dealing with employee enquiries
- Dealing with leavers and starters
- Departmental reports
- Employee payslips
- Monthly summaries
- P11D and P9D benefit and expenses returns
PAYE has recently undertaken it’s biggest change since Real Time Information was introduced to employers. All data must now be submitted to HMRC before or on every payday and in real time. By outsourcing your payroll to Parkes & Co, you can be sure that all your data is submitted to HMRC accurately, as and when required.
Our knowledge and guidance is particularly helpful at tax year end, which can be a difficult time for many small businesses.
- Pay in lieu of notice redundancy
- PAYE (Pay As You Earn) returns for the Revenue
- Preparation and filing of forms P14 & P35
- Production of year-end P60s
- Processing payments through BACS
- Provision of analysis of staff costs
- Real Time Information (RTI) filling
- Salary sacrifice
- SMP, SPP, and SAP
- Standard payroll reports
- Student loan recovery
- Taxable benefits and P11Ds
- Tax efficient remuneration strategies
This is when costly errors can be made and the operational side of the business neglected. So let us take care of your Payroll and PAYE, including the P35s, P60s, P14s, P11Ds and P9Ds, along with the rest of the red tape.
We can even give your accounts a full PAYE health-check to help identify and troubleshoot any potential issues before HMRC intervention.
Please contact Parkes & Co Accountants for more information on our fully managed Payroll and PAYE services.