Payroll and RTI Services in Tamworth
Dealing with payroll can be a serious burden for busy business owners. Increasingly, businesses in Tamworth find that outsourcing the payroll function to specialists is an effective solution.
What’s more, the advent of the new Real Time Information (RTI) system and the introduction of the pensions auto-enrolment (AE) regime have resulted in further compliance requirements for employers.
Here at Stealth Bookkeeping we can remove the pain of administering the payroll function, enabling you to keep on top of costs and saving time, meaning you can get on with what you do best - growing your business.
Managing the payroll involves correctly calculating employees' pay and deductions under the Pay as You Earn (PAYE) system, including:
- Wages and salary
- Income tax
- Employer Class 1 national insurance contributions
- Employee Class 1 national insurance contributions
- Statutory sick pay
- Statutory maternity, paternity or adoption pay
- Pension contributions
Other payments, including shift pay, overtime, bonuses and commission and student loan deductions also need to be accounted for, bringing extra complications. As specialist in payroll solutions, Stealth Bookkeeping can help you in all of these areas.
As tax and employment law continues to grow in complexity, our comprehensive and efficient payroll services offer peace of mind that your business is fully compliant with the necessary legal requirements, including keeping the appropriate payroll records.
So no matter whether you are seeking to fully outsource your payroll, or looking for an in-house payroll software service, our expert team can provide a payroll solution that is tailored to your particular needs.
Contact us today to discover how your business could benefit from our professional payroll services in the Tamworth area.