Payroll

Payroll is a critical part of running a business. Employees need to be paid accurately and on time, while employers must also meet increasingly detailed PAYE, National Insurance, pension and HMRC reporting requirements.

MBS Accounting Services provides practical payroll support for SMEs and owner-managed businesses, helping employers manage their regular payroll responsibilities accurately and efficiently.

Our payroll service can cover the complete routine payroll cycle, including the calculation of gross pay, PAYE Income Tax, employee and employer National Insurance contributions, pension deductions and other authorised deductions.

We can process weekly, fortnightly, four-weekly or monthly payrolls depending upon the requirements of the business.

Real Time Information (RTI) reporting forms an important part of payroll administration. Payroll information normally needs to be reported to HMRC each time employees are paid, making accurate processing and timely submission particularly important.

We can assist with the preparation and submission of the appropriate payroll information, including Full Payment Submissions (FPS) and, where applicable, Employer Payment Summaries (EPS).

Our payroll support can also include new starters and leavers, P45 documentation, year-end payroll procedures, P60s, statutory payments and changes to employee pay or deductions.

Workplace pensions have added another layer of administration for employers. Where required, payroll information can incorporate employee and employer pension contributions, with the relevant information prepared to assist with pension scheme reporting and Auto Enrolment responsibilities.

Directors' payroll can require particular attention, especially where remuneration forms part of the wider financial and tax planning of an owner-managed company. We can ensure payroll information is maintained consistently with the company's records and provide the figures required when considering the overall cost of remuneration.

We can also help businesses understand their regular liabilities to HMRC, providing clear information on the PAYE and National Insurance amounts becoming payable. This can assist with cash-flow planning and reduce the risk of unexpected liabilities.

Payroll information is confidential and needs to be handled carefully. Our approach is therefore based around accuracy, consistency and appropriate record keeping.

Where unusual employment arrangements or matters requiring specialist employment, pension or tax advice arise, we will recommend that appropriate professional advice is obtained.

At MBS Accounting Services, our objective is to remove much of the administrative burden associated with payroll, leaving business owners with a straightforward, dependable process for paying their employees and maintaining the necessary payroll records and HMRC reporting.