Payroll & Pension Services in Chester
From RTI submissions to payslips and tax code queries, our tailored solutions save you time and stress, letting you focus on growing your Chester business.
Our Payroll Service: A Complete Solution
To give you a clear picture of how we can support your business, we’ve broken down our comprehensive payroll service into its key components. From core compliance to ongoing expert advice, here’s what’s included when you partner with us.
The Challenge of Payroll
Managing payroll is a complex and time-consuming task. With ever-changing legislation and the risk of significant HMRC penalties for any errors, it’s a burden that demands real expertise.
Your Professional Solution
Our dedicated payroll service is designed to lift this weight from your shoulders, giving you complete peace of mind and freeing up your valuable time to focus on running your business.
Accurate Pay Calculations
We handle all your weekly or monthly pay runs with meticulous attention to detail, ensuring accurate calculations of tax, National Insurance, and other statutory deductions for all your staff.
Clear Financial Reporting
Gain clarity on your biggest cost. We provide easy-to-understand payroll summary reports after each pay run, detailing your precise staff costs and the exact amount due to be paid to HMRC.
Full HMRC Compliance
Stay fully compliant with timely Real Time Information (RTI) submissions to HMRC after every pay run, plus seamless year-end P60 processing and distribution for all of your employees.
Pension Auto-Enrolment
Phillips & Co Accountants take the complexity out of auto-enrolment. Our services range from employee assessments to calculating contributions and providing reports for your provider.
Dedicated Personal Support
Our service is more than just processing numbers. You will have a dedicated, professional point of contact on hand to quickly answer any payroll-related queries from you or your team.
Advice Beyond the Payslip
Phillips & Co provide support that goes beyond basic processing. We can offer expert guidance on structuring tax-efficient director’s pay and help you correctly manage all statutory payments.
Specialist Payroll & Compliance Services
Beyond standard payroll, many businesses have specific compliance obligations that require expert knowledge. Whether you operate in the construction sector or provide your staff with non-cash benefits, failing to meet these complex rules can result in significant penalties. We offer dedicated services to manage these requirements, ensuring you are always fully compliant.
Construction Industry Scheme (CIS) Management
If you are a contractor or subcontractor in the construction industry, navigating the Construction Industry Scheme (CIS) is a legal necessity. We take the complexity out of CIS by managing the entire process for you, ensuring you meet all your obligations and avoid costly fines.
Our comprehensive CIS service includes:
Subcontractor Verification: Verifying all your subcontractors with HMRC to determine their correct tax status.
Deductions Calculated Correctly: Accurately calculating the required CIS deductions from payments made to subcontractors.
Monthly CIS Returns: Preparing and submitting your mandatory monthly CIS returns to HMRC on time.
Payment & Deduction Statements: Providing subcontractors with clear, compliant monthly statements.
Benefits in Kind (P11D Reporting)
If you provide your employees or directors with benefits outside of their normal salary, such as a company car, private medical insurance, or beneficial loans, you have an annual reporting duty to HMRC. We manage this process to ensure all benefits are correctly declared and taxed.
Our P11D service includes:
Benefit Calculation: Calculating the precise taxable value of each benefit provided to your employees.
P11D Form Preparation: Preparing and submitting an annual P11D form for each relevant employee.
Employer’s NI Calculation: Preparing the P11D(b) form, which summarises the total benefits provided and calculates the Class 1A National Insurance liability due from the company.
Expert Advice: Providing clear guidance on the tax implications of offering different benefits to your staff.
