Mitigate Risk

Submitting payroll data & being paid on time will keep your employees happy and also avoids penalties from HMRC.

Save on Tax

We can work with you to ensure you are taking a tax-efficient salary

Save Time

We will keep up with the legislation, manage Auto Enrolment and liase with HMRC.

Why use us to do payroll for you?

Because creating and maintaining a legally compliant, cost effective and reliable payroll system can be very expensive, time consuming and challenging all of which can be done for you for a very small monthly fee.

Running a payroll system has multiple problems. You must first ensure that a payroll system is paying people the right amount of money on time. On top of that, you also need to be keeping up to date on legislation including changes to the minimum wage to ensure that you are being legally compliant. This takes a lot of time which you could be spending running your business.

Use us to give you peace of mind that all of your employees are being paid on time, any necessary deductions such as student loans and sick pay are being deducted and that your payroll system is legally compliant. Our fees start from £7 per month per employee but gets cheaper the more employees you add.

What can you expect?

As part of our Payroll service, we provide each of these services as standard:

  • Electronic payslips with an employer payroll dashboard
  • Payroll reports (including departmental analysis)
  • Pension auto enrolment
  • HMRC electronic filing (RTI)
  • BACS/Telepay submission report
  • Holiday pay
  • Year end reports

Our Online Payroll Process

STEP 1

Send us information for all employees including national insurance number so we can add them to the Payroll. If moving from another accountant, we will get all necessary data from them direct.

STEP 2

Let us know on what day of the week you want the Payroll to run and employees to be paid. You and all of your employees can then expect to receive your electronic payslips on that day each week.

STEP 3

Keep us up to date if anything happens with you or any of your employees such as any unexpected sick days, joiners or leavers and we will make any necessary updates to the Payroll for that week.

STEP 4

The Payroll will run on your chosen day for all of your employees and will be submitted to HMRC for you. We can even take care of making the payments to your employees using your online banking if you wish!

You will require the new employees:

  • Full name;
  • Date of birth;
  • Home address;
  • National Insurance Number;
  • Identification such as passport or driving licence and proof of address by seeing a utility bill or similar proof;
  • A copy of the employees P45 or completed P46/P38(S).

If an employee is a foreign national you should satisfy yourself they have permission to be employed in the United Kingdom. This can be checked by contacting the Department of Work & Pensions for advice.

If they have never been issued a National Insurance number they visit their local Department of Work and Pensions (DWP) for an interview. More information can be found on the DWP Website.
If they lost their National Insurance Number, the Inland Revenue will search for it on receipt of a completed form CA5403. If in doubt you can ring their help line 0845 915 7006.

No, we take on new payroll clients throughout the year and have the skills, knowledge and experience to transfer your payroll at any time of the year.

A minimal amount of work is required from our clients to ensure they have an accurate payroll processed on time. We will only require you to inform us of any changes to the payroll and authorisation once you are happy with everything.

WHAT ARE YOU WAITING FOR?

Do you have any questions about your tax return?

Address:

Redwood House,
Brotherswood Court,
Almondsbury Business Park,
Bristol,
BS32 4QW

Phone: 0117 440 6439
Skype: info:steelefinancial.co.uk
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