Payroll

Payroll for small businesses

Let us relieve you of the time-consuming process of administering payroll, allowing you to get on with what you do best – running your business.

Our comprehensive payroll service will alleviate you of this responsibility and ensure your business complies with all relevant legislation.

Clients of this service can expect to receive:

  • Customised payslips
  • Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc.
  • Completion of statutory forms, including year-end returns, to issue to your employees and submit to HM Revenue and Customs
  • Summaries and analyses of staff costs
  • Administration of incentive schemes, bonuses, and ex-gratia and termination payments
  • Administration of pension schemes

We can create a bespoke payslip suitable for your business but more importantly create a system that takes all the pain out of administrating the numerous taxes and deductions that make up an employee’s salary.

It’s common to make mistakes that mean your business unintentionally over or under pays. Changes in tax codes, salary changes and perks, bonuses and suchlike can cause confusion. We can ensure that no mistakes are made in your processes.

We can prepare and administer all relevant tax forms like P45s, P60s, and P11s that you will need to issue to employees at certain points. We can also smooth the process when you take on new employees, or if staff are leaving, by completing, checking, and registering all relevant paperwork.

Recent changes mean all businesses must start offering employees a pension scheme, no matter the size of your enterprise. Talk to us about your obligations and the best ways to set this up. We can also review your current pension system and take this off your hands should you desire.

In addition, we can advise on efficient bonus schemes for employees including profit sharing schemes, individual bonuses, and all employee schemes. Which ones would be most effective for you? Speak to us for recommendations, and for help in settling termination and ex-gratia payments.

Your payroll department is one of the most important parts of your business. Trust Tuchbands’ experts for comprehensive administration, strategy and execution.

Find out more about our fees

Whether you are a start-up or an established company, for professional, friendly accountancy services and advice contact the Tuchbands team on 020 8458 8727 or info@tuchbands.com.