Hassle-Free Payroll Management From Smart Accountants
Payroll is a crucial part of any business with multiple employees. The Smart payroll service offers a range of functions and responsibilities that we manage related to employees’ payment calculation, statutory deductions, salary disbursal, HM Revenue & Customs (HMRC) dealings, taxations, record keeping, and regulatory compliances. These tasks, though routine, require precision and time, hence many companies outsource these responsibilities to us.
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A Payroll Service Ready For Business
Real Time Information (RTI) submission is a key aspect of payroll services. It involves reporting wage and deductions details of employees to HMRC each time an employee is paid, whether monthly, weekly or even daily. It needs to be accurate, compliant with current legislations and done on time. Accountants ensure error-free, prompt RTI submissions, saving businesses from potential penalties.
We also carry out all pension-related responsibilities of a business, which includes monitoring age and earnings of the employees, maintaining pension records, enrolments, pension scheme setup and administration, communications with pension providers and staff, calculating contributions, deductions and payments, etc.
Compliance with all laws, legislations, and guidelines related to employee pay is at the core of our payroll services. We continuously monitor, interpret, and apply changing payroll legislations and provide assistance with regulatory inspections or audits related to payroll.