Small Business Payroll Services London
We provide value to your payroll so you are free to add value to your customers. We tailor affordable outsourced small business payroll services in London and the surrounding areas.
Payroll is an essential part of any business
One of the greatest stresses of owning your own business is paying your employees. Payroll is a time-consuming activity that demands in-depth knowledge to remain compliant.
As a small business, payroll can seem like a very tempting activity to run in house, especially when you are trying to keep costs down. The pitfall is the time commitment it demands, not just to action your monthly pay run but to keep up to date on an regulation changes. In addition, payroll is a regular activity that must be completed every month, mistake-free, every time.
Outsourced payroll services we offer
Our packages are tailored to you and we can provide any selection of the below services as you need them:
- Processing payslips
- BACs payments
- Custom reports
- Process to deal with employee queries
- Auto-enrolment Pensions
- Real Time Information (RTI) filing to HMRC including end of year
- Dealing with HMRC and Pension Regulator queries
- P45s, P60s, P11s or any other documents required by HMRC
Knowing what you need can be tricky so for every business that gets in touch we firstly take the time to understand their business and assess their needs. Only then do we make recommendations that are right for you.
Payroll comes with many rules and regulations
Payroll is more than simply paying money into an employee’s bank account each month. You must ensure that pay, tax, national insurance, pension contributions, sickness, holiday and maternity are all accurate and properly recorded. And those are just the most common parts of payroll, there is much more.
The regulations relating to payroll can change at anytime meaning you must regularly set aside time to research whether you are up to date on regulatory requirements.
This leads to two factors you need to consider. The time dedicated to payroll is time you are not spending on building your business. You run the risk of missing new regulation making your business non-compliant.
Wagemate gives you your time back
As experienced outsourced payroll service providers, Wagemate has the knowledge to run payroll efficiently whilst remaining compliant, leaving you free to dedicate yourself to the running and growth of your business.