Payroll Bureau
Payroll can be laborious and time-consuming, and many organisations choose to outsource the process. Ipsum Accountants can take over responsibility for your payroll, which includes:
- Calculation of weekly/monthly gross wages, in accordance with instructions
- Calculation of income tax and National Insurance deductions
- Advice on calculation of statutory maternity pay and statutory sick pay etc.
- Advice on benefits in kind and P11Ds
- Industry related calculations (e.g. CIS for building industry, TRONC schemes in hospitality, and zero-hours regulations for temporary/irregular/casual staff)
- Advice to shareholders, in terms of dividends vs. salary drawings
- Preparation of payslips, or access to e-payslips
- Electronic filing of PAYE returns
- Compliance with RTI
- Online document storage for all staff, including contracts, and year-end P60s
- Compliance with Pensions auto-enrolment, and periodic re-enrolment
- Submission of pension contribution schedules to pension provider
If you have a large number of employees, you may also wish to automate payment processing to employees in each period. We are able to set up payment batch uploads directly from payroll software to an FCA regulated intermediary, where salary payments are made on your preferred processing date.