Being Timely With Your Payroll
If you make the decision run your business as a limited company and take on future employees (other than yourself as the sole employee) – then you will need to set up a payroll process. If you haven’t done this before, it can be complicated and time consuming, as there are many aspects to consider, including creating payslips, communicating with HMRC, dealing with student loans, for example, and making sure you have workplace pensions in place.
At Lewis & Co we can streamline your payroll process and help minimise your PAYE liability. We can administer PAYE, employee and employer National Insurance (NI) contributions, statutory sick pay, maternity pay, childcare vouchers and student loan deductions on your behalf.
In addition to calculating your payroll, we can also complete forms required by HMRC on your behalf including P11D, P45 and the end of year P60 and P35.
A number of businesses rely on their employees to submit a timesheet, so they know how many hours or shifts somebody has completed. At Lewis & Co, we are experienced at timesheet management and integrating that seamlessly into your payroll. In the same way, we can also help you with other variants in an employee’s payroll, such as holiday entitlement, sick days and overtime, as well as workplace pensions.
In addition to the compliance and practical issues of getting payroll processed properly, it is also something which is important to get right from an HR point of view. Today, many businesses are finding it hard to recruit good people and if you have a reputation for being an unreliable payer, then word soon spreads.
Even if you embark on payroll with the best intentions yourself, you could become overwhelmed by the process or just too busy running your business – particularly when it comes to timesheet management.
It’s also worth bearing in mind that dealing with payroll involves dealing with sensitive information and it’s key to get that right, in addition to being compliant and abiding by all the payroll legislation and regulations.
Your team is what makes your business and, if you get your payroll process right, then they are likely to be more engaged and your staff turnover will reduce. Here at Lewis & Co, we can take all that stress away by running your payroll for you.
It’s worth bearing in mind that for some clients we just do their payroll. So, if you’ve already got an accountant in place who doesn’t offer payroll or you’d rather keep your accountants and payroll processes separate, we can do payroll for you as a standalone offering.
To find out more about our payroll services contact us on tel: 01892 513515 or email: info@lewisandco.biz