Payroll Outsourcing Telford
Hollingsworth and Co. have an unrivalled reputation for providing quality payroll outsourcing services to a variety of clients, from numerous sectors in the UK. We offer a wide range of payroll services to the Telford, Shropshire and West Midlands region … if you would like to find out more about how we can help your business, contact us today and a member of our team will be happy to help you.
About PAYE
PAYE (Pay As You Earn) is a payroll method overseen by HMRC (HM Revenue & Customs) where businesses take an amount of income tax, national insurance payments and student loans from their employees’ wages. This is done using procedures actioned by HM Revenue & Customs, such as PAYE codes and tables.
The introduction of RTI (Real Time Information) means that employers must now submit wage details and deductions before or during payment. However, during recent years, HMRC has been more flexible with deadlines for businesses employing less than 10 members of staff … permitting them to provide the details using a monthly schedule.
An employee’s PAYE code is likely to change numerous times during the course of a tax year. New information will regularly emerge about allowance and relief entitlement, or new details could come to light while collecting via PAYE tax (this could otherwise have been collected via the individual’s self assessment).
Despite the size of your business and the services you provide, it is vital that you adhere to all the rules and regulations that are pertinent to you. If this feels like a daunting responsibility (on top of successfully running a day-today quality service) … you are right! Fortunately, Hollingsworth and Co provide a comprehensive payroll outsourcing service to the Telford, Shropshire and West Midlands area, taking into account all the important requirements and making sure you don’t take on any extra stress! We have been providing a successful service for more than 30 years and aid our clients with general accounts, costing, returns and much more.
Keeping on top of your payroll is a complicated and time consuming task … Contact Hollingsworth and Co. now to ease the burden and feel confident and confident that your business is in the hands of trusted and highly successful payroll specialists!