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Payroll Services

Payroll is often a difficult area for both small and large businesses to cope with, but the good news is that you don’t have to do it all alone. As experts based locally in Ipswich, Orwell Accountants can provide you with cost-effective payroll services. This will save you both time and costs compared with having to do it all yourself.

There are a lot of regulations that all businesses need to comply with, and legislation in this area is often updated, so it can be hard to keep track. It’s not just a case of calculating your employees’ monthly pay, because numerous other documents are also needed, including end-of-year P60s, PAYE returns for HMRC and P45s if an employee leaves.

Our payroll solutions service covers all of the following:

  • Monthly Pay Calculations and Payslips

    This includes working out elements such as the various deductions for tax and national insurance as well as student loans, maternity and sick pay and pensions. Extra hours worked and bonuses are other elements which need to be included, meaning that overall the calculations can be very complicated. However, an accountant can take over the calculations together with production of payslips, which can be emailed or posted as preferred.

  • RTI Monthly Submissions and PAYE Returns for HMRC

    Companies have to make real time information (RTI) monthly submissions to HMRC, which say how much employees are being paid and include accurate details of deductions. Statutory PAYE returns compliance is essential and there are penalties for inaccurate returns.

  • End of Year P60s and Other Documents

    All employees need a P60 issued at the end of the tax year, with full details of their salary and deductions. We also issue P11D and P9D benefit and expenses returns and any other necessary documents.

  • Employees Joining and Leaving

    We carry out the various payroll tasks needed when employees join or leave your company. This includes generating P45s and informing HMRC, as well as working out notice periods and any necessary adjustments to final salary payments.

  • CIS Returns

    Construction firms need to keep full records under the Construction Industry Scheme (CIS) scheme. These must include details of payments invoiced by all subcontractors and deductions from them. They need to be kept for 3 years after the end of the relevant tax year, or you could face a financial penalty. We will ensure your records are fully compliant and take away this worry.

  • Departmental Reports and Staff Cost Analysis

    Departmental reports can give you a view of how cost-effective specific areas of your business are being. We can provide these reports and also provide full staff cost analysis, for instance if you need to decide whether to take on more staff or outsource a service.

Payroll regulations are constantly changing, for instance with new regulations on pensions such as auto-enrolment. So it’s important to have an expert service in place which can take care of admin and ensure you are fully compliant at all times.

If you are looking for a payroll services company based in Ipswich, contact Orwell Accountants for more information on how we can help you.