Over the past few years, the rules surrounding the way employees are paid have become increasingly stricter. The introduction of real-time information (RTI), which became compulsory for all businesses in 2013, and Auto-enrolment requirements have not only added an extra layer of work for any businesses trying to run their payroll in house, but has also brought additional risk in the form of penalties.
With a number of penalties enforceable for failure to meet enforced deadlines, it has become even more important that this aspect of your accounting is undertaken efficiently and effectively.
Save time and resources
KM Accountants offer a fully compliant payroll service to businesses of all sizes. Our payroll team become an extension of your business; taking the burden of this often time consuming task off your hands.
KM Payroll services reduce the time, costs and internal resources required to oversee your business’ payroll therefore allowing you to get on with what you do best – running your business. In addition, outsourcing payroll to an external team of experts rather than having it run in house allows for greater levels of confidentiality, particularly around directors salaries.
Our team of experts are up to speed on all HMRC developments and work alongside our taxation division to ensure your business is kept abreast of relevant legislative changes.
Our dedicated team of payroll experts can assists clients with:
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay
- Completion of statutory forms including year-end returns, to issue to your employees and HM Revenue and Customs
- Administration of incentive schemes, bonuses, ex-gratia payments and termination payments
- Administration of pension deductions including meeting your obligations under Auto-enrolment
- Summaries and analyses of staff costs
Our team of payroll experts offer tailor made advice and are on-hand throughout the working day to deal with any queries or issues you may have regarding employees.
For more information or to get a quote for reducing the burden of running payroll in your business, please contact us.