Pinfields Accountants Payroll

Our Services

Payroll

 

Payroll

Running a payroll can be time consuming, complicated and divert resources from the core activities of your business. Our experienced and helpful team will support you with this to relieve the pressure on you and your team. We are able to provide the complete service, whatever size or complexity of your business. 

 

 

Pensions

Alongside your regular payroll processes we also provide support with your business' pension obligations ensuring you are aware and compliant with our current requirements. 

 

 

Can I do payroll without an accountant?

While it is absolutely possible to run a payroll without the help of an accountant, many businesses find payroll to be both time-consuming and complicated with the potential risk of penalties from HMRC.

 

With our payroll team, you can guarantee a smooth and trusted payroll service is provided to you and your company. We can tailor your payroll service to occur weekly or monthly. Our payroll team are always on hand if you have any payroll related queries, ensuring the best outcome.

 

 

Who can benefit from payroll services?

If you run a business, whether this is small or large you may have limited time to process payroll yourself. Providing you with a payroll service can save you time and avoid potential penalties from HMRC.

 

In addition, a business who often deals with regular workforce expansion such as new starters or leavers, our payroll team can process these complexities with ease.

 

 

What payroll systems do we use?

We use BrightPay to process all payroll, this is where all reports such as payslips and P60s can be accessed at any time by the employer. Also, individual employees can have access to their own payslips and P60s if the employer chooses this function.

 

 

What do our pension services include?

Alongside your regular payroll processes, we also provide support with your business' pension obligations ensuring you are aware and compliant with our current requirements.

 

Our pensions are auto enrolled through Nest which is a not-for-profit workplace pension scheme. We would also ensure you stay compliant with The Pension Regulator by submitting declarations in a timely manner

 

 

What are the different types of pensions?

State Pension

A government issued regular payment for people who reach state pension age.

 

Workplace Pension

Paid into a pot by yourself and your employer, this is then invested in stocks and bonds.

 

Personal and Private Pensions

These are set up by yourself with the aim to save additional money for retirement with the benefit of government tax relief.

 

 

Who is eligible for a pension?

To receive the full state pension, you must have provided 35 qualifying years to your National Insurance Contributions. However, a pro-rata rate will be received if you have contributed at least 10 years to your National Insurance Contributions.

 

To receive a workplace pension, you are automatically opted in at age 22 (earning at least £10,000 a year), or can request to be opted in if you are aged 16 (earning over £6,240 a year)

 

No requirements are needed to set up a personal and private pension.

 

 

Construction Industry Scheme

We can also provide support for your CIS submissions and compliance, making sure any repayments due are requested, chased and paid to you. 

 

 

What is Construction Industry Scheme (CIS)?

CIS is a tax system in the UK where subcontractor’s payments are deducted by the contractor, which is sent directly to HMRC, this is then an advance payment towards the subcontractor’s National Insurance and tax.

 

These are then claimed back or offset against their remaining tax liabilities through Self-Assessment or Corporation Tax.

 

 

How do CIS deduction rates work?

Deduction rates depend on the subcontractor:

  • 20% for registered subcontractors
  • 30% for unregistered subcontractors

Our experienced team will help reduce the burden of these obligations and ensure a smooth process for your team. 

Who to Contact

Jonathan Holmes MAAT FCCA

Jonathan Holmes MAAT FCCA

Sandra Cox

Sandra Cox

Paul Tivey FCCA FCA

Paul Tivey FCCA FCA

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David Pearson - County Stationery Ltd & Tiger

Over the past 25 years Nick and his team have always produced excellent accounts and I can always trust them to do my payroll and VAT returns on time.

What Our Customers Say