Thursday, 21st May 2020
Common phrases associated with Payroll are:
- It’s time consuming
- This is too complicated
- Struggle to understand the legislation
- Auto-enrolment – I don’t know where to start
- I need an accountant! Really – then given Onyx a call.
Let us take the weight off your shoulders!
At Onyx we have a dedicated payroll department that process payrolls of all sizes every day, covering weekly, fortnightly, 4 weekly and monthly payrolls.
We can help with all the legislative queries that might seem quite complicated to you, covering holiday pay entitlement, sick pay, maternity and paternity pay, pension contributions, benefits in kind, to name just a few!
Common Pitfalls – HR Help
Why struggle with diverting your much-needed time away from the core activities of your business – let us take the payroll processing off your hands. There are 4 areas where businesses often get caught out:
- Failing to automate
- Not putting checks and balances in place
- Poor control over leave days
- Travel allowance pitfalls
It is important to have robust processes and systems in place to avoid making costly mistakes which can have a significant financial impact on your business. In some cases, an error can have serious consequences for your business, ranging from damaging employee morale to losses from fraud. We have a HR partner that is available to all Onyx clients to assist with contracts of employment and will ensure the day to day legalities are dealt with.
HMRC – What they need
We will manage the submissions of Real Time Information, EPS, EOY and earlier year adjustments where needed. HMRC require specific information to be submitted generally on or before the date of payment to the employee. Monthly submissions must also be made to report the monthly PAYE and NI amounts due.
Any late submissions will result in penalties – at times of financial struggle, penalties are the last thing any business needs right now!
Software
We can help by installing payroll software and if you prefer to manage the processing in house, we can train your staff and will be on hand to help with all your payroll queries.
By letting us manage your payroll we can offer cost-effective solutions. We are able to provide the complete service, whatever the size or complexity of your business, or simply provide support when needed.
Auto-enrolment
Need extra help with auto-enrolment? We can deal with that too! Take a look at our dedicated Auto-Enrolment Page for further information.
GET IN TOUCH WITH ONYX
If you have any queries, or want to discuss further, please give us a call us or e-mail us at enquiries@onyxaccountants.co.uk for a FREE no obligation consultation.
Got any questions or queries? Our friendly team are happy to help. Just drop us a line! Call us on 0121 753 5522 or 01902 759 800.
