Accurate and Timely
What is payroll and why is it important? Payroll is the sum of all financial records of salaries, bonuses and deductions for an employee. From a business perspective, payroll is a key area as employees are very sensitive to payroll errors and issues. From an accounting perspective, payroll is critical because payroll taxes affect net income and are subject to strict laws and regulation. Phillips & Co Accountants Chester provide a payroll service that ensures that your payroll is accurate and deadlines are met on time.
We can calculate and provide you with:
Wage Slips, P60’s, P14’s, P11D’s, P35’s.
We can also:
Carry out all of the necessary calculations such as PAYE, National Insurance, Statutory Sick Pay, Maternity and Student deductions;
Prepare payslips; submit returns to HMRC on a weekly/fortnightly/four weekly or calendar month basis, subject to your requirements.
Workplace Pension Law Change
Workplace pensions law has changed. If you have employees who work in the UK, are aged between 16 and 74 and who pay tax and NI then you have new duties as an employer. You must now automatically enrol certain UK workers into a qualifying pension scheme and make contributions towards it. We will help you get your company, pension and employees ready so that your transition to automatic enrolment is hassle free, and because we are compliant with the guidance laid down by The Pensions Regulator (TPR), you can be safe in the knowledge that your payroll is legislatively correct.
Help you set up a qualifying pension scheme;
Access your workforce and automatically enrol eligible employees into your qualifying scheme;
Send the required correspondence to your employees at the right time;
Postpone, opt in or opt out employees.
Already a client?