Payroll & Bookkeeping
Juggling the financial and operational side of your business, at the same time as actually running the business, is not easy. We believe in taking away the hassle, giving you the chance to focus on running your business. That’s why we have a dedicated payroll and bookkeeping department, to offer our expertise and support to your day-to-day financial controls.
Our range of services includes everything from the day-to-day provision of bookkeeping services, payroll, and VAT compliance to management accounting, IT training, secondment of staff to cover short-term needs and, for some clients, the full outsourcing of their financial record-keeping.
Think of us as your Virtual Finance Office who can offer advice, working with you to find the best solution for your business.
Always ensure you are applying the correct tax relief treatment to the employee’s pension payments against how the scheme was registered. We are finding more and more that this has been applied incorrectly, resulting in the employee receiving double tax relief (through the payroll AND from HMRC) or no tax relief at all. Our specialist payroll team will always keep you right.
Understand the financial information you are reviewing from your software. Up to date financial information is essential for all business owners. Whether it is to merely monitor cashflow and profit, for borrowing purposes, growth opportunities or estimating tax liabilities, there should not be any surprises. We can guide and educate you on financial reporting.
Every 3 years you must choose a date to re-assess any employees who have left your pension scheme. Any employee who has left voluntarily and still meets the eligibility criteria must be enrolled back into the pension scheme. The employee then has the option to opt out again or stay in the scheme. It is very important that employers not only understand their obligations but that they also communicate this with their employees.
