Payroll, Pensions & P11Ds
From paying your workforce, to pension administration and filing employee benefits, our team can help your payroll function run smoothly and compliantly.
Paying Your Workforce
As a business with employees, you’ll need to ensure that they get paid compliantly, on-time and with all the relevant HMRC submissions in the background. For many businesses, this is a hefty admin burden and it’s difficult to do this and ensure that controls are in place to minimise any payroll errors or risks and to also stay aware of all the statutory requirements and any changes. The risk of getting this wrong can range from HMRC penalties to very disgruntled employees. For all these reasons, many will choose to outsource this to payroll specialists like our expert outsourcing department so they can have peace of mind and spend more time on driving the business forward.
How We Help
Our expert payroll team routinely support various different types of staff including permanent and temporary, as well as various different types of tax calculations, commission payments, expense reimbursements, holiday accruals and much more. We’re well equipped to deal with any complexity so that you can have peace of mind. We’re able to support with:
Payroll is an everchanging landscape, so our team ensure we keep abreast of any changes to ensure that you’re complaint and well-informed. We use market-leading software and have well-tested controls and processes in-place to ensure that your payroll runs smoothly every month. As a BACS approved payroll processing bureau, we’re even able to run your entire payroll function from making the HMRC RTI submissions to making the payments to your employees.
Employee Benefits
At The Smart Accountants, we can also support with the associated compliance and reporting for any benefits that you provide to your directors or employees. Specifically, we can support you with the annual P11D submissions or with any benefits reported via payroll instead. Our experts will be happy to discuss the benefits you are, or you’re thinking of, providing and advise on the tax and compliance implications of these.
“The team have helped us grow and become more professional. Dave has been invaluable in advising us. He has helped our accounts team so much and they now absolutely love Xero!”
“Stock taking was a nightmare and we kept everything on spreadsheets until we spoke to the team. Switching over to Xero was an easy process.”
“One of my previous headaches was always the absence of reliable management information and that often consumed my time unnecessarily. Since working with the team, they have implemented new systems, enhanced existing systems and they provide information on a monthly basis which is accurate and clearly communicated. This allows me to spend time doing what I should be doing.
Combine that with their sector expertise, knowledge and professionalism we would have no hesitation in recommending their services to anyone.”
“We’ve always found the team to be responsive, helpful, and proactive in suggesting ways for us to improve our processes. In particular, we have been happy with the move from Sage to Xero, which has made our lives much easier as we grow our business.”
“As our accountants and advisors, the Smart Accountants have always been on hand to support our business but recently they helped the sale of our business to an Employee Ownership Trust. Ultimately this transaction helped us with obtaining a fair price for the business, ensuring long-term succession, and rewarding our employees. The team supported us from the very initial advice and planning stage right through to the implementation and were on hand to offer their expertise throughout.”
The Next Steps
If you’d like further information or to discuss our payroll service, please get in touch and one of our payroll experts will be happy to talk to you.
Please call us on 0845 606 9632, email us at team@thesmartaccountants.co.uk or complete the contact form below.
