Payroll Services

At FTH Accountants, we understand that managing payroll can be a time-consuming and complex task. That’s why we offer comprehensive Payroll Services to help businesses streamline their payroll processes, ensure compliance with local regulations, and reduce the administrative burden. Whether you have a small team or a large workforce, we provide tailored payroll solutions that are efficient, accurate, and fully compliant with employment laws.

Payroll Processing

We provide hassle-free payroll processing, ensuring that your employees are paid on time and in accordance with your company’s policies and local legislation.

Employee Payslips: Preparation and distribution of detailed, clear payslips for all employees.
Salary Calculation: Accurate calculation of gross and net salaries, including any overtime, bonuses, and deductions.
Tax Calculations: Ensuring correct tax deductions (e.g., income tax, social security) are applied and withheld.
Pay Frequency: Handling different pay schedules (weekly, bi-weekly, monthly, etc.) based on your business needs.

Tax and Statutory Compliance

We ensure your payroll is fully compliant with the latest tax and statutory requirements, including government regulations and deadlines. We stay up-to-date with any changes in tax rates and regulations to avoid penalties.

Income Tax Withholding: Calculating and withholding the correct amount of income tax based on employee status and local tax rules.
Social Security & Pension Contributions: Ensuring that all mandatory contributions to social security, pensions, and other government programs are made accurately.
Tax Filings & Payments: Filing and remitting taxes and contributions to the appropriate authorities on time.
HMRC/Tax Authority Reporting: Assisting with all necessary reports and submissions required by tax authorities, such as PAYE (Pay As You Earn) or NIC (National Insurance Contributions).

Employee Benefits Administration

We help you manage employee benefits, ensuring that all contributions and deductions are processed accurately and in compliance with employee benefit plans.

Benefit Deductions: Calculating and processing deductions for employee benefits, including health insurance, pension plans, and other voluntary benefits.
Bonus & Commission Handling: Calculating and including bonuses, commissions, and other incentive-based pay in the payroll.
Holiday Pay: Ensuring that holiday or vacation pay is correctly calculated and paid out.
Sick Pay & Maternity/Paternity Pay: Administering statutory sick pay and maternity/paternity pay in compliance with local labor laws.

Payroll Reporting

We provide clear and concise payroll reports to help you keep track of your payroll expenses, taxes, and other deductions.

Payroll Summaries: Regular payroll summaries detailing employee earnings, deductions, and net pay.
Tax Reports: Detailed reports for tax filings and year-end tax returns.
Cost Reports: Reports summarizing the total payroll costs, including salary, bonuses, and benefits.
Custom Reports: Tailored reports based on your specific business needs.

End of Year Procedures

We assist with year-end payroll procedures, ensuring everything is accurate and compliant for tax filings and employee reporting.

P60/P45 Forms: Preparation of P60 and P45 forms for employees, summarizing their earnings and tax deductions for the year.
Tax Year-End Reporting: Ensuring that all year-end reporting is filed correctly, including compliance with national tax requirements.
Tax Returns: Filing necessary tax returns and assisting with any adjustments or filings at year-end.

Payroll Software & Integration

We use the latest payroll software and technology to process payroll efficiently and accurately. Our systems are designed to integrate seamlessly with your existing accounting or HR software.

Cloud-Based Payroll Software: Providing cloud-based payroll systems that allow for easy access and management of payroll data from anywhere.
System Integration: Integrating payroll systems with accounting, HR, or other business management software to ensure smooth data transfer and reporting.
Employee Self-Service Portal: Offering employees a self-service portal where they can access payslips, tax documents, and update personal details.

Payroll Outsourcing

Outsource your payroll to us, and let our experienced team handle all aspects of payroll management, saving you time and resources.

Full Payroll Outsourcing: Full management of payroll processing, tax filings, and compliance reporting.
Customizable Solutions: Tailored payroll outsourcing solutions to fit the unique needs of your business.
Dedicated Support: Access to expert payroll specialists who can answer your questions and provide support as needed.

Support with Payroll Queries

We offer ongoing support for any payroll-related queries from both employers and employees.

Employee Queries: Assistance with questions regarding pay, deductions, benefits, and payroll discrepancies.
Employer Queries: Guidance on payroll procedures, tax filings, compliance issues, and best practices.
Custom Support: Tailored support based on your specific payroll needs.

Employee Onboarding & Offboarding

We assist with payroll integration during employee onboarding and offboarding, ensuring a smooth process for both new hires and departing employees.

Onboarding: Ensuring new hires are added to the payroll system correctly, with tax information, deductions, and benefits set up accurately.
Offboarding: Processing final pay, including unused holiday pay, severance, or other final payments for departing employees.

Payroll Audit & Review

We provide payroll audit services to ensure the accuracy of your payroll records and that your processes are compliant with legal and regulatory standards.

Payroll Audits: Reviewing your payroll data to ensure accuracy and compliance with regulations.
Compliance Check: Ensuring your payroll processes align with local laws, tax requirements, and statutory obligations.
Error Detection: Identifying and correcting any payroll errors or discrepancies before they lead to compliance issues.

Why Choose FTH Accountants for Payroll Services?

Expertise: Our team has extensive experience in managing payroll for businesses of all sizes and industries, ensuring accuracy and compliance.
Compliant: We ensure that your payroll adheres to all relevant tax and employment laws, minimizing the risk of penalties and fines.
Time-Saving: Outsourcing payroll to us frees up your time to focus on growing your business.
Accuracy: We use advanced payroll software and technologies to ensure error-free calculations and timely payments.
Confidentiality: We handle all employee payroll information with the highest level of confidentiality and security.

Let FTH Accountants take the stress out of payroll management, so you can focus on what matters most – growing your business. Contact us today to learn more about our payroll services!

Appointment

Get 30 Minute Free Consultation

Our team will provide a comprehensive overview of our services, discuss your specific needs, and outline how we can tailor our solutions to benefit your business.

Phone

+44 7792 091299

Email

info@fthaccountants.co.uk