Payroll
Payroll that works for you
Payroll made Simple
Having to process the payroll on a weekly or monthly basis requires you to keep up to date with the latest payroll regulations and legislation. This can also be very time consuming and a drain on valuable resources. Payroll can be a complex area, but our payroll staff will reduce the management of your payroll to simple, manageable steps.
Our dedicated payroll department is home to over hundred payroll clients offering a seamless timely service, ensuring full payroll compliance, in a highly complex area of law that attracts strict penalties for non compliance.
Why Smith Hannah
Payroll that works for you
Our dedicated outsourcing team can provide you with a practical, flexible, cost-effective solution to your payroll requirements. We provide a service that is designed to allow you to seamlessly outsource your payroll function in the knowledge that we will consistently deliver.
The main benefit however is that we free you to fully focus on your core business. We have robust systems in place to service clients.
We take care of all the forms and paperwork, organising our schedule to meet your timescales and ensuring that deadlines are met.
Our HR personnel offer specialist advice in all areas of recruitment and selection of employees, CV certification, contracts of employment and benefits and termination and associated issues.
Our Values
- Client Focus
Our clients benefit from an integrated approach based on understanding the key issues facing their businesses.
- Integrity
As an established independent firm, we pride ourselves in creating and sustaining supportive relationships . Integrity is a core aspect in everything we partake in.
- Innovation
We aim to tailor our services to meet our clients’ specific needs. We offer innovative solutions to our client’s complex issues.
Frequently Asked Questions
Employers must comply with various legal requirements including:
Paying employees at least the National Minimum Wage (NMW) or National Living Wage (NLW).
Deducting income tax and National Insurance contributions (NI) from employees’ wages.
Providing payslips that detail earnings and deductions.
Submitting payroll information to HMRC through Real Time Information (RTI).
Paying pension contributions in line with auto-enrolment rules.
RTI is a system introduced by HMRC where employers submit payroll data, including details of employees’ pay, tax, and National Insurance contributions, to HMRC on or before each payday. This helps HMRC maintain up-to-date records for individuals’ taxes and NI contributions.
National Minimum Wage (NMW): The minimum hourly wage that must be paid to workers under 23 years of age.
National Living Wage (NLW): The minimum hourly wage for workers aged 23 and over. The rates for both NMW and NLW are reviewed annually and vary depending on age groups.
The main payroll deductions include:
Income Tax: Deducted based on the employee’s income tax band.
National Insurance Contributions (NICs): Both employees and employers contribute to National Insurance, which funds state benefits and the NHS.
Pension Contributions: Employers are required to enroll eligible employees in a workplace pension scheme and contribute to it (auto-enrolment).
Student Loan Repayments: If applicable, deductions will be made for student loan repayments.
Other Deductions: Such as union fees, company benefits, or salary sacrifice schemes.
PAYE (Pay As You Earn) is the system used to collect Income Tax and National Insurance contributions from employees’ wages or pensions. Employers are responsible for deducting tax and NI and paying them to HMRC on behalf of employees.
Payroll data must be submitted to HMRC on or before the employee’s payday using RTI. This includes details of gross pay, deductions, and net pay. If payments to employees are delayed, the payroll must still be submitted on time.
Our Approach: We do all the work for you
Our clients benefit from an integrated approach based on understanding the key issues facing their businesses.
This enables us to meet their needs at each stage of development and allows them to focus on building the value of their business. We have strong skills and resources in the region and our clients’ results prove that.
Why Smith Hannah?
We take care of everything so you don’t have to. As Chartered Certified Accountants, we offer a wide range of business advice and accountancy services tailored to meet your requirements. When you engage us, you can be confident that the work will be carried out by dedicated professionals. We view individual client relationships as our most valuable asset and this philosophy extends to everything that we do. You’ll have one less thing to worry about, which means a happier workforce and better time management for your business.