Payroll - Accountant in Sussex - Accountancy Services
Making eBusiness Easy
Payroll
The management of staff and staff salaries is very important, as anyone who employees staff will understand the importance of ensuring high staff moral. To most staff ensuring that their pay is correct and paid on the expected date is one of the major key decisions in remaining with an employer.
Running the payroll is a very time consuming task especially in the week leading up to pay day. In most cases there will be some adjustments to the monthly payroll process, for example overtime, unpaid leave, new employees and staff leaving. Once all the adjustments have been made then there is the secondary review to ensure that the payslips are correct. Finally the information that needs to be sent to the banks for payment into the staff Bank Accounts (normally BACS), and the payment to the Inland Revenue for the Income Tax and National Insurance Contributions.
I can offer this service either in the following ways.
Off-site: I will produce the payslips based upon information provided by yourselves and will confirm the Gross Pay to you prior to processing the BACS forms and PAYE/NIC reports for payments to the Inland Revenue. A copy of all payslip and reports will be provided to you on completion of the payment process.
On-site: In the owners require a payroll facility on-site, I can install a software package that will meet the requirements to comply with the current legislation. I can offer on-site training to the Payroll processor in all aspects of the package. If required I can provide an in-house payroll service to meet with your timetables and costings.
Other payroll and staffing services.
Monthly Payroll Services
As part of the payroll process there will be times when staff leave the firm. In these cases their P45 will need to be produced in order to take to their new employer.
New starters will need to be installed abnd set up on the payroll system and that will include entering their P45 Information. In the event that a P46 is required then, this can be provided and I can send it to the Inland Revenue in order that that the staff member will be given a Tax Code as appropriate.
As part of the month end process the identification of PAYE and National Insurance Contributions due to the Inland Revenue is required. The business is provided with a book for completion which identifies the amount due to be paid part way through the following month. I can complete this form and provide the owners with the total due and when and how to make payment, as part of this process I will reconcile the amounts due against the amount paid.
Year End Process
At the end of each year the business is required to provide a P60 to all its current staff, confirming the total Gross pay and the total deductions taken. The firm is also required to produce a P35 which is submitted to the Inland Revenue. This is summary of all the Payroll information held for that current year. Once this is produced I will reconcile all payments made to the information provided on the P35.
Sundry Services
Holiday and Sickness
If required as part of the service I can offer to manage the Holiday and Sickness policy of the business. This will allow the owners to have a central point for the management of holiday entitlement and staff absence due to sickness. If the firm has a holiday and/or sickness policy then any adjustments to pay will be identified as part of the process.
Appraisals
In some cases the owners may be looking to introduce an appraisal system for their staff. I can meet with the owners in order to identify the items that they require to be included in their annual appraisal forms. I can then design an Appraisal Form to meet that can be tailored to their specific needs.