Payroll:
Payroll services
Our payroll services include the following:
Choice of weekly, fortnightly, four weekly or monthly pay cycles.
Many payrolls continue to be weekly, but an increasing number of clients opt for monthly payments with substantially lower processing costs. Advice is available on transitional arrangements, if required.
All tax, National Insurance, working families tax credits and student loans catered for.
In coming years there will be a substantial increase in the number of employees who will be subjected to recurring net wage adjustments, due to tax credits and student loans. Our payroll team take advantage of the latest software systems to handle this administrative headache.
All year-end processing
At the end of each tax year, all employees should receive, from the employer, a record of their pay and deductions, on form P60. The employer also needs to submit full deductions details to the Inland Revenue, on forms P14 and P35. There are now strict deadlines imposed for the submission of these forms and penalties imposed on employers for late submission. We provide timely copies of all relevant forms at no additional cost to the standard recurring charge.
SSP, SMP, SAP and pensions easily processed.
Employers have taken over the role of the State, in certain circumstances, in paying sick pay to their employees. Payment of statutory sick pay (SSP) is dependent on the employee satisfying rules relating to periods of incapacity, periods of entitlement, qualifying days and, in some circumstances, rules on notification of absence. Recovery of SSP is made under the Percentage Threshold Scheme whereby in certain circumstances employers may reclaim a proportion of SSP paid by way of deduction from National Insurance contributions.
With statutory maternity pay (SMP), provided a woman qualifies, the first 6 weeks of maternity leave are paid at 90% of average earnings. The remaining 20 weeks are paid at a lower rate. This lower rate is equivalent to the lower of 90% of the employee’s average weekly earnings of a specified amount, relating to each tax year. Employers can reclaim from the Government 92% of the amount of SMP paid, provided the rules of the scheme have been correctly applied. Employers who qualify for small employers’ relief can reclaim the full amount. There are, however, complex rules covering both the notice and pay periods and there are also certain exclusions from SMP, so take advice.
Statutory Adoption Pay (SAP) is available to any employee (male or female) adopting a child. Adoption leave is available for 52 weeks, but only the first 26 weeks are covered by SAP. Normal recovery of SAP is the lower of 92% of the value paid or a specified amount relating to each tax year.
Pension deductions by both employee and employer can be regular fixed amounts or a percentage of earnings.
Net to gross calculations applied where relevant.
These calculations are needed when an employer wants to ensure that an employee is left with a specific net wage after taking into account the current tax code and all relevant deductions/credits. With the net amount known, we can calculate the gross equivalent.
Comprehensive management reports.
- Payslips (open or confidential).
- BACS/cheque lists.
- Pay elements analysis, including summaries of all deductions on a global, departmental or employee basis.
- Payroll summaries with gross to date, tax, national insurance, departmental if required.
- P11 and P35 reports – P14 and P60 certificates.
- Report designer service available upon request (additional charges to be negotiated dependant upon the nature of the report).
 | |
Where next?
Back to Payroll…
Back to Departments…
Back to About us…
General...
