BEGIN YOUR BUSINESS AND OUTSOURCE YOUR PAYROLL WITH US
Most people who start up in business do so because they have a good business proposition, not because they are experts in the financial aspects of running a business, such as VAT and Payroll. These factors can often be quite daunting to the entrepreneur and this is where we can help by evaluating your ideas and helping you develop them into a feasible business. Not everyone is an accountant which is why we can also help you to:
- decide on the most suitable structure for your business (i.e. sole trader, partnership or limited company)
- prepare a business plan, cashflow projections, budgets and trading forecasts to prove the financial viability of your ideas and demonstrate this to the bank / potential investors
- assess your finance requirements and access the most appropriate source of finance
- help you establish relationships with banks, solicitors, etc via our well established network of contacts
- carry out Company Formation or registration procedures with Companies House, Inland Revenue or Customs and Excise
- implement an accounting system which complies with statutory requirements.
- manage your payroll with our payroll outsourcing service.
Visit our site at Premier Company Services for all you help you need to begin your business and get FREE BANKING!
OUTSOURCING YOUR PAYROLL
More and more companies have come to realise that it makes commercial sense to outsource many of their internal functions. Payroll is an area that is ideally suited to this. Not only does it remove payroll from your list of concerns, but it also allows valuable resources to be directed at more productive and profitable tasks.
For many businesses, the ever-increasing burden of payroll legislation has become very problematic. Payroll now includes much more than the deduction and paying of tax and national insurance. Recent changes to legislation have included payment of Tax Credits (Working Families and Disabled Persons), deduction of Student Loans, and the EC Working Time Directive.
There has been a dramatic rise in penalties for non-compliance of current legislation as companies fail to keep up with the changes. Many businesses simply do not have the in-house resources to ensure continued compliance.
By outsourcing payroll, you can spend more time concentrating on your core business. Listed below are just some of the features and benefits:
- Valuable internal resources are freed to perform other functions
- No need to buy and learn how to use expensive specialised software
- Reduces risk of exposing confidential payroll information to unauthorised personnel
- No more worry each month that the payroll will be run on time
- The payroll is still run efficiently during the holiday season
- Accurate payroll financial information produced for periodic and annual accounts
- Payroll function performed by qualified, experienced staff
- Paying your company accountant to process payroll could be costing you a very high hourly rate so outsourcing to a dedicated bureau can save money
- Usually costs you less by outsourcing your Payroll than doing it yourself/employing extra in-house staff
- Provides disaster recovery as back-up of payroll information is kept off the premises
OUR PAYROLL OUTSOURCING SERVICE
Our service is simple and easy to use and enables clients to process employees' wages without the need to understand the complexities of PAYE legislation. Our team of experienced payroll administrators will be responsible for all payroll input. This includes inputting of all details for your employees and any changes that may occur during the year. On a weekly/monthly basis, you provide us with all necessary payroll data. This includes employee wages, new starters and leavers and changes to employee details. We will take care of the rest.
- Input of all basic pay details, time sheets, such as salary, overtime, bonus etc.
- P45-P46 starter and leaver processing.
- Calculating and recording PAYE tax & National Insurance liabilities, processing Statutory Sick pay (SSP), Statutory Maternity Pay (SMP), attachment of earnings orders, pensions and student loans.
- Calculation of net pay.
- Production of employee payslips.
- Easy to understand reports analysing costs and trends relating to your payroll.
- Advice on HM Revenue & Customs payments.
- Year end returns P35, P60 and P14s across the internet.
- Provision of security and confidentiality of client's company and personnel information.
- Deal with all correspondents and queries from all government departments and your employees.
- We can process by BACS your employees pay.
PAYROLL OUTSOURCING COSTS
Advanced payroll charge as little as £10 for five or less employees. We make a minimum charge because there is always a certain level of work involved in payroll processing whether you have 5 employees or 500.
