Payroll Services
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How we can help
Payroll Services
Whether you have hired only one person or one hundred people, dealing with payroll processes and remaining compliant with employment legislation can be an onerous and expensive task that can lead to large penalties if incorrect and processing a large volume of information can be very time consuming.
At RFBS we have two aims in sorting out your payroll requirements, no matter the size or complexity, which are:
- Remove the stress and burden of all the set-up, processing and compliance of your payroll schemes
- Ensure that such crucial legislation is enacted correctly and in a way that business owners feel comfortable talking about
- Minimising the cost of processing this and avoiding expensive corrections
By using our payroll services, we will ensure your staff are paid in line with the appropriate legislation, allowing you to use all the time saved from such a large task to further run your business and drive growth and expansion. Payroll within an organisation has a lot of reporting requirements beyond just paying your staff and we will give you peace of mind knowing your payroll, Real Time Information (RTI) and auto-enrolment is in our safe hands and handled in a diligent and legal way.
Our dedicated payroll staff will look after your payroll, no matter the size, business type or whether you are an employee or director.
We can support your business with such payroll requirements such as:
- One or more employees
- Employee payment timetables – weekly, fortnightly, monthly, quarterly or even annually
- Provision of necessary employee documents such as payslips, P60s and P45s for leavers
- Easily accessible and electronically secured payroll information for both the business and employees
- Online filing with HMRC and all respectively obligations
- Processing timetables, pay structures and patterns and staff information and development
Construction Industry Scheme (CIS)
RFBS are able to provide you with any support you may need if you run a Construction Industry Scheme (CIS scheme). This can be in the form of:
- Providing subcontractor verification against the HMRC registration list
- Providing CIS statements to your subcontractors
- Handling the relevant deductions based upon each deduction method, either gross or net
- Managing your own business CIS deductions as a registered contractor & subcontractor
- End of year CIS checks, processing and tax liability offsetting
Auto-Enrolment
To learn more about how RFBS Accounting can help you with your pensions & auto-enrolment obligations and it’s addition to your payroll scheme, head on over to our Pensions & Auto-enrolment services page.
Our help and advice can include
- Reducing the need to hire and train staff specialised in payroll procedures
- Up-to-date advice from all relevant legislation and easily reported to the business owners
- Reducing the risk of errors, omissions or late reporting and avoiding costly penalties
- Reducing the need to invest in expensive, cumbersome and complex software
- Providing clear and easy reading reports and journals to enter onto your accounting software
- Building a strong Real Time Information (RTI) reporting system that will always be correct and send information easily to HMRC
- Assisting with the process of pensions auto-enrolment for all eligible staff
- Preparation of payslips end of year reports and forms such as the P11D, P9D and P60s
- Ensuring all staff information is up to date and analysed to ensure correct against legislation and company pay structures
- Supporting CIS scheme registration and processing for all of your contractors & subcontractors