Managed payroll
services
Dealing with payroll can be a burden, especially when you’re running your own company and don’t have time to sort through payroll legislation or invest in expensive payroll software. That’s where the team at Golding Accountancy comes in – we handle the payroll while you build your business! It pays to outsource your payroll to us.
Full-service payroll
never looked better
When you use our online payroll services in the UK, you can rest easy on all these fronts. Our experienced payroll accountants offer bespoke support that takes care of your unique and evolving payroll needs and answers any questions you may have. Here’s what happens when you use our payroll solutions in the UK:
- Rest easy knowing that your payroll is being processed in a timely and accurate fashion
- Free up your time to devote to growing your business
- Avoid the risk of being penalised by HMRC
- Gain access to the latest payroll technologies
- Reduce the cost of running your payroll
What our
payroll accountants can do for you
Let this be the year you enjoy the many benefits of payroll outsourcing. At Golding Accountancy, we pride ourselves on the high quality of our services and the tailored approach we take to ensure full compliance for your business. So what do you get at the end of it?
- RTI submissions to HMRC
- Completion of all P11D forms
- Initial payroll system setup
- Auto-enrolment pension support
- Monthly P32 Employer Payment Record
- Pensions calculated, deducted and paid
- Professional payroll software kept up to date
- All timesheets processed and all pay slips prepared
- Mid-period analysis of employees joining and leaving
- Access to an experienced payroll advisor as the key point of contact
- Calculation of all relevant payments and deductions such as tax, NIC, statutory payments, student loans, salary sacrifice and so on
Frequently Asked Questions
(FAQs)
1. What is payroll?
Payroll refers to the process of paying a company’s employees and tracking relevant records, including taxes owed and any deductions or extra payments.
2. What are the benefits of outsourcing payroll?
Payroll may not be a core business function, but payroll mistakes could lead to costly delays, unhappy employees and trouble with the HMRC. By outsourcing to experts, businesses ensure that they fully comply with all laws and have the necessary budget to pay everyone accurately and on time.
3. What help can one expect to receive from payroll services in the UK?
The comprehensive services Golding Accountancy typically offers include administering PAYE, statutory sick pay, statutory maternity pay, national insurance and so on, sorting out bonuses, ex-gratia termination payment and incentives, completing year-end returns and all statutory forms, preparing computer-generated payslips, analysing and summarising staff costs.
4. I have overpaid an employee. What should I do?
- Identify the cause of the overpayment: Was it a one-off error in the salary amount, an error in an overtime calculation or a bonus payment? Is it an ongoing issue due to incorrect tax codes or deductions? Identify the cause and then ensure it is not going to be repeated.
- Notify the employee: Inform the employee about the overpayment immediately.
- Agree on recovery: Discuss and agree on a plan to recover the overpaid amount, such as through payroll deductions, which may make it easier for the employee.
- Obtain consent: Get written permission from the employee for the repayment plan.
- Report to HMRC: Ensure adjustments are correctly reported to HMRC, especially for tax and National Insurance contributions.
- Review payroll processes: Improve payroll procedures to prevent future overpayments.
5. What should I do if I've received a penalty notice from HMRC?
- Review the notice carefully: Understand the reason for the penalty and the amount you owe to HMRC.
- Identify the cause of the error: Analyse your payroll records to pinpoint the cause of the non-compliance. This could be late tax filing, incorrect deductions, or missed National Insurance contributions.
- Contact HMRC: Reach out to HMRC as soon as possible to discuss the penalty. They may be willing to waive or reduce the penalty if you demonstrate a genuine mistake and a commitment to future compliance.
- Resolve the underlying issue: Take steps to address the problem that led to the penalty. This might involve updating your payroll software, improving internal processes, or seeking additional training for your staff.
6. How frequently can we expect payroll reports and summaries?
- Frequency: You can choose how often you receive the updates (weekly, monthly, quarterly) and in what format (detailed reports, concise summaries).
- Delivery options: You can receive your reports via secure email or access them through our online portal.
Why consider Golding Accountancy
for your payroll services
Timely payroll processing
Experience hassle-free, on-time payroll management for your business with our fully managed payroll services.
Accurate calculations
No one wants upset employees and that is why we guarantee accurate and timely payroll services for all your employees, every time.
Statutory compliance
Our payroll experts ensure that your business stays compliant with all HMRC regulations to avoid the risk of being penalised, ensuring peace of mind.
Employee payslip distribution
We provide your staff with clear, detailed payslips delivered on time and securely, furthering trust and satisfaction among your employees.
Efficient Payroll reporting
We provide payroll overviews tailored to your business needs, offering valuable insights for maintaining clear financial records and making informed decisions.
The kind of businesses that count on
our payroll services
Small businesses
Our certified small business payroll accountants ensure steady financial health with our expert cashflow management services, tailored for small and mid-sized businesses in the UK.
Proof we are not
bull*****ing!
“I have used Golding Accountancy for completing my property tax each year.”
I have used Golding Accountancy for several years now to sort out my property tax. Being completely ignorant in this area I have always relied on them to help me through this minefield and explain things along the way. They always take time to answer my questions and I have been more than happy with their service over the years. Particular thanks to Anthony Burrell for his patience!
Christine Petherick
“Best accountants by far”
Ian, Anthony and the rest of the team at Golding are helpful, professional and friendly. The team have completed my self assessment each year swiftly and efficiently without a hitch, they are always on hand to answer questions and provide advice regarding my accounts. Golding has also provided help and assistance when I re-mortgaged (twice) when my mortgage advisor asked me for information I didn’t even understand. Golding Accountancy go the extra mile and I would recommend them 100% for anyone looking for an accountancy firm.
Jim Miller
“#TeamGolding”
Sean Whitelamb
“I have been using Golding
for a number of years”
I have been using Golding for a number of years and they have been excellent in all areas. I must mention particularly Anthony Burrell who has guided me through the minefields of taxation like no other. I highly recommend them.
Mr Richard King
Our wide-ranging
tech stack
Fancy a cuppa
with us?
Get in touch with Golding Accountancy for guidance on the ins and outs of accounting, taxation and financial management. Let’s hang out – it’s on us!
