Payroll Processing

Payroll is an essential part of any business as it considerably affects the net income of the business and is subject to laws and regulations. If done incorrectly, it can cause serious problems for the employer and the employee. Payroll is essentially the sum of all financial records of salaries of an employee which includes wages, bonuses and any deductions.

The payroll process consists of:

Tracking hours worked
Determining an employee’s gross wages.
Calculating employment taxes.
Withholding taxes and other deductions.
Giving employees their take-home pay (e.g., via direct deposit).
Remitting taxes to the HMRC.
Filing tax returns and submit it to HMRC.

Why companies outsource their payroll?

How does Edward assist you?

Payroll is among the most irritating accounting tasks for every company. It does not matter whether the company pay their salaries monthly, bi-weekly or weekly. There is always something going wrong somewhere and employees keep asking those little questions about their payroll which takes a lot of time and effort.

You can also register for VAT voluntarily, even if your turnover is below the statutory registration threshold VAT can add much desired credibility to your business and it can also be of benefit if the situations below apply to your business:

Payroll and RTI Submission

Any business that has employees will need to run a payroll and submit RTI (Real Time Information) Returns to HMRC on each payday. Unfortunately, penalties starting at £100 per missed RTI return are payable to HMRC and any underpaid tax and NI due will also accrue interest.

Why companies outsource their payroll?

We will ensure your people are paid on time, every month/every pay cycle.
We will ensure your business stays complaint.
Easy to reach as we are local to you.
No job is too small or too large for us.
Fixed price and highly competitive.
The production of your payslips, either weekly, fortnightly, four weekly, monthly, quarterly or
on an ad hoc basis.
Your own dedicated accounts manager.
Submission of your RTI Returns.
Production and processing of your employees’ starter/leaver/year-end forms such as P45,
P46, P60 etc.
The processing and claiming of employment allowance on your behalf.
Your employees’ holiday pay, SSP (Statutory Sick Pay), SMP (Statutory Maternity Pay) and student loan deductions.
We will email your payslips/forms and other information to ensure a speedy and efficient service.
We correspond with HMRC on your behalf.
We will represent you in the event of a payroll inquiry from HMRC.
Automatic email reminders to let you know when your payroll, PAYE is due, reducing the risk
of penalties being issued for late filing.
Unlimited payroll help and advice throughout the year from our dedicated resource for your
business.

We provide expert advice for all size businesses.

We are committed to providing expert advice for businesses of all sizes. Whether you’re a startup, a small business, a mid-sized company, or a large corporation, our team of experienced professionals is equipped to offer customized guidance tailored to your unique needs.

Payroll Processing