Payroll in business is termed as the sum of all financial records of salaries, bonuses and deductions for an employee, while in Accounting, its termed as the amount paid to employees for services provided by them during a certain period of time.
From a business point of view, Payroll is important for the simple fact that employees are sensitive to payroll errors and irregularities. For good employee morale, it’s essential that Payroll is paid accurately and on time. On the other hand, from an Accounting perspective, Payroll is crucial because payroll and payroll taxes considerably affect the net income of the company and also for the fact that they are subject to laws and regulations
Preparation of Payroll can be a time-consuming and often daunting task, especially when faced with the prospect of getting to know all new employment and taxation rules. At GLP Accountancy, we recognise that clients should not be burdened with tedious payroll works and get bogged down by worries whether returns have been completed correctly or whether penalties may have been incurred.
GLP Accountancy’s comprehensive array of rich quality payroll services includes:
1.Processing & preparation of monthly Payroll data.
2.Monthly Payslips generation.
3.Handling year end processes such as employer year end returns (P35's and P11d's) and employee P14's and P60's.
4.CIS Returns Compilation.
5.Real Time Information (RTI) PAYE returns for the Revenue;
6.Advice on your HMRC obligations.
We charge a fixed monthly fee and don't charge for the occasional re-run if you want to amend an employee’s pay or if someone joins or leaves your business. With us as your partner, you reap the following benefits:
1.Have us working as your Payroll Department and scale to fit with your particular business needs.
2.Avail Payroll management services at a lower cost per employee than own in-house payroll department.
Our payroll services and payroll management is ideal for small companies who do not have an in-house facility as well as large companies who prefer to outsource the complete payroll function rather than employ specialist staff.
By outsourcing your payroll works to GLP Accountancy, you can save on costs by getting rid of costly specialist staff while simultaneously get access to quality expertise in payroll at highly competitive rates.
For further information and advice on choosing the right option for you, please feel free to contact a member of our team at Email: firstname.lastname@example.org OR Call Us At: 01322 303 276. who would be happy to answer any questions that you may have
1.Private and confidential tax advice
2.Face to Face meetings in 71 locations
3.Virtual Finance Director
4.We are open on Saturday
5.Free and Competitive quotes
Tax and Accounting are time consuming and there are so many rules and regulations. But as a business owner you can’t get away from these and they are simply tasks that need to be done and done well.
GLP Accountancy with its knowledge and expertise in all areas of Accounting & Tax is more than happy to take on the bean counting and number crunching for you, leaving you to concentrate on running and developing your business, saving you time and money. . Working with GLP Accountancy, you can expect prompt, friendly & professional quality services, customised to your requirements and all of it at extremely competitive rates
• Tax and tax planning including VAT, Corporation Tax, Self-Assessment and other tax issues
• Preparation of financial statements in UK GAAP and IFRS if required
• Pay-roll Solutions of FPS, EPS, pay-roll end, P11D etc
• Companies house compliance of submission of annual returns and annual accounts.
• Regulation and Compliance
• Tax and Business Advice and Accounts Support
,Ultimately we will take care of everything, allowing you to focus on running and developing your business – saving you time and money.
We offer a cost-effective service delivered in a manner that makes sense to our clients and provides added value to them. We deliver our clients a carefully chosen combination of unique benefits and because of our operating structure we can reduce our costs and pass the savings on to you.
We Don't do different things, We do things differently!!