Payroll - Outsourced Business Services
Economic Solutions can offer a full professional Payroll Service to businesses. This comprehensive service enables businesses to outsource their payroll to us with minimal disruption. The main services we offer include the following.
- Tailored payroll services to meet business needs.
- Accurately processing the payroll to ensure all employees are paid on time, which can be weekly, fortnightly and/or monthly.
- Assisting with the registration with HM Revenue and Customs for new employers
- Maintaining payroll records.
- Calculating monthly (or quarterly) payments to HM Revenue and Customs and completing the P32 ‘payslip'.
- Preparing clear and easy to follow reports providing relevant management and performance information.
- Completing tax year end returns (P60, P14, P35) and submitting them by the due date, including electronic filing.
- Completing P9D/P11D declarations.
- Sending payslips by first class post.
- Answering any payroll queries promptly and efficiently.
- Dealing with queries from HM Revenue and Customs and others requiring details of employees' pay.
- Processing forms P45, P46, P46 (Car) etc.
- Calculating special National Insurance calculations for directors.
- Preparing checklists for deductions, pension contributions etc.
- Providing documentation to explain key payroll changes (for example changes to minimum wage, working time regulations, and changes to income tax rates).
Customers will receive standard payroll reports by email and post. We can also provide additional reports tailored to meet your specific needs.
We can offer also advice and guidance on all areas of payroll. We will do this over the phone, face to face or via email. For companies with their own payroll department, we run payroll workshops. This will include an experienced, qualified payroll person spending half a day with staff to update them or teach them new skills. This can be tailored to business requirements upon request, e.g.:
- Up-to-date rates for statutory payments
- Calculation exercises
- Refresher on calculating the various statutory payments according to current legislation and updates on any changes.
Benefits
- Cost effective business service
- Delivered by experienced well qualified staff
- Comprehensive payroll solution
- Saves money and management time
- Tailored to individual business needs