Our PAYROLL SERVICES
Penny & Pounds offer payroll services to help and take care of small and medium-sized businesses manage staff payments easily.
If your business or yourself employs other people to work under your company name, you need to make sure they are being paid right for the services they provide, according to the law.
If you are unsure how to properly carry out the payroll service, it can take a long time and tedious. That is where Penny & Pounds come in to help and save the day, use our services, and we do all the hard work for you to take care of your employee's payments.
WORKING WITH YOUR BUSINESS
When it comes to administering payroll management, it can become confusing and difficult to analyse properly. Hence, we recommend that our team work alongside you understand your account's processes. In doing so, this eliminates any hard tasks of training or interviewing processes that may come with finding or hiring an accountant for your business. Using our payroll management will allow you to start immediately, with a team fully equipped and knowledgeable.
At the same time, as getting your accounts in order, we also make sure they are legal as we follow all the current regulations in tax services and employment legislation. Our high-quality team of accountants in North Yorkshire have the experience you need to help you feel confident that you will pay your staff accordingly and that HMRC receives the correct tax returns.
New Business Support
We offer payroll support for small and medium businesses throughout the year. Whether you are a new business or you need someone to manage the burden of Payroll, PAYE and Payslips, call us today. Our professional accountants are happy to help you use and access tax codes, records and profiles with our latest dedicated software. New registers of PAYE can do so automatically with HMRC at the point of its initial registration. Historical and previous PAYE or deduction data can be acquired for our and your retrieval.
Keeping Costs Down
Keeping costs down and managing your money sensibly can sometimes be a hard task, especially for small businesses and those just starting and struggling to navigate the best system to use to pay their employees. We believe that we provide the best financial solution to keep the cost down on their bookkeeping. Our years of experience can manage your accounts without the need to employ a full-time accountant.
Purpose of Payroll
The purpose of payroll in companies and businesses is to identify people for paying them and for the HMRC to tax away from the pay. It also ensures your employers get paid on the right date and time each week or each month. You are provided with the best tools and plans to organise payments to receive their pay on time and relieve them of any stresses. We can also ensure the production of the end of the year employment records for all of your employee's notice. Financial reports such as these, through a payroll, aren't filled with any incomprehensible language; everything is easy to understand, especially if you're facing payroll concerns. We relay them to you in an understandable manner to tackle the monetary issues at hand much easier.
What Does Payroll Mean for Small Business?
Payrolls are set up to ensure each employee gets paid the right amount, on the right date and at the right time. It is to ensure you are keeping to the contract rules every time your employees are paid. It also ensures the correct amount of tax and pension money is taken. If you are interested in setting up a payroll for your company or business to better your payments structure, please find us or contact us on our phone or email for any further information. We can advise on how best to do this by setting up a payment scheme.
What’s Involved in Payroll Compliance?
Your payroll must comply with strict guidelines set up by the government. This includes ensuring each employee gets paid the correct amount, with the correct amount of deductions taken from their account. Taxes must be filed and paid on time, every single time, and also each employee must be given a payslip stating all the relevant information.
What are Payroll Deductions?
Most employees will have payments deducted from their pay each month or week. The payments are already taken out before the employee even receives their pay. These deductions include tax to HMRC, child maintenance, and pension schemes, whether they have been set up by the company or by the employee.
Reporting Payroll to HMRC
Each employer takes their employees tax off their pay to be taken to the tax office on the specific day and time that has been specified. To prove to HMRC that you are paying each employee correctly and deducting the correct amount of tax, you must file reports regularly. This usually happens every payday for each employee.
The Importance of Getting Payroll Right
It is important to get payroll right to ensure that you are paying your employees correctly every time and ensuring that you pay the correct amount of tax to the tax office each time to comply with government guidelines and needs.
Why Choose us?
Using our payroll services, we help take the pressure off you when it comes to paying your employees correctly, and we can also provide payslips. Our payroll service in North Yorkshire is second to none, and we have been supporting business needs for many years.
So if you are looking for a local accountancy company based in Redcar, who can offer the best advice and help you need, all you need to do is get in touch. Please feel free to contact us for a friendly chat to discuss your business firms needs or any information or advice you seek. Based in the Redcar area of North Yorkshire, our office is where our professional accountants are waiting to take your call.
LET US HELP YOUR BUSINESS
We offer a complete range of accountancy services throughout Redcar and the surrounding area, so you can get back to what is most important in your business.
Get in touch with our friendly staff who can use their years of experience to work with you to establish and implement an easy and effective payroll system within your company. Rest assured your many employees will be paid correctly & on time.
We offer professional Payroll Services for your business in Redcar, Middlesbrough And North Yorkshire - Ensure Your Employees Are Paid Correctly.
Help make sure staff are being paid right according to the law. Contact our bookkeeping and accountant services today.
Find our email on the website and contact us to respond to either if you experience struggles through the phone. We do all the hard work for you. Feel free to call or please contact us on the number 07855 326 609 to discuss your requirements or any advice you may be looking for.