Administering the payroll can often be a long and laborious task. Here at Chancellers, we can take the burden off you, so you have more time to get on with more interesting business tasks.
Our complete payroll service will alleviate the responsibility of payroll administration, safe in the knowledge that you are adhering to the relevant legislation.
Our payroll service includes:
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Completion of statutory forms, including year-end returns, to issue to your employees and submit to HM Revenue and Customs
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments
Contact us today to discover how you could benefit from our payroll service.
Real Time Information (RTI)
Under the new RTI regime, employers and pension providers have to submit information to HMRC regarding deductions they have made for PAYE, NICs and student loans when or before each payment is made, rather than at the end of the year.
The aim of the new system is to ensure that the correct deductions are made from pay, resulting in more individuals paying the right amount of income tax and NICs throughout the tax year.
The most common method will be to send HMRC a ‘Full Payment Submission’ (FPS). This contains details of all employee payments and deductions, together with details of any new employees and those who have left the business.
An Employer Payment Summary (EPS) can be used where no payments are made or to show any amounts you are claiming, for example statutory payments.
At Chancellers, we can offer assistance with all your payroll needs, from helping you to maintain accurate records to managing your payroll function on your behalf. Please contact us for further information.