Payroll and RTI Services in Leamington Spa
Administering the payroll can be a time-consuming task for the busy business owner, and an increasing number of businesses in Leamington Spa are turning to Michael Harwood & Co to outsource their payroll requirements.
What’s more, the advent of the new Real Time Information (RTI) system and the introduction of the pensions auto-enrolment (AE) regime have resulted in further compliance requirements for employers.
Here at Michael Harwood & Co we can remove the pain of administering the payroll function, enabling you to keep on top of costs and saving time, meaning you can get on with what you do best - growing your business.
Managing the payroll involves correctly calculating employees' pay and deductions under the Pay as You Earn (PAYE) system, including:
- Wages and salary
- Income tax
- Employer Class 1 national insurance contributions
- Employee Class 1 national insurance contributions
- Statutory maternity, paternity or adoption pay
- Pension contributions
- Statutory sick pay
Other payments, such as overtime, shift pay, bonuses and commission, and student loan deductions must also be accounted for, further complicating the procedure. As expert providers of payroll solutions, Michael Harwood & Co can assist you in all of these areas.
As tax and employment law continues to grow in complexity, our comprehensive and efficient payroll services offer peace of mind that your business is fully compliant with the necessary legal requirements, including keeping the appropriate payroll records.
So if you wish to fully outsource your payroll, or are looking for an in-house payroll software solution, our experienced experts can provide a payroll service geared to your specific requirements.
Contact us today to discover how your business could benefit from our professional payroll services in the Leamington Spa area.