What Is Wagemate? All About Our Online Payroll Services
Wagemate offer online payroll services for businesses to stay on top of essential finance admin like paying wages, managing auto-enrolment pensions, paying tax and scheduling BACS transfers.
Our payroll outsourcing services mean you don’t have to find the time at the end of each busy month to manually schedule your payroll processing – instead, you can let Wagemate take care of it.
In this article we’ll give you a closer look at each of our online payroll services and how it can help you to manage your wages, taxes and employee pension schemes more easily.
Outsourced payroll service
Wagemate’s fully managed payroll service is a personal and professional finance department working on your behalf across all aspects of payroll processing:
- Paying employees
- Employee queries
- Real Time Information filing to HMRC
- HMRC and Pensions Regulator queries
- Documents: P45, P60, P11D and others
- Regular payroll reports
You provide your payroll data and we handle the admin, freeing up valuable time so you can focus on completing month-end business.
Bank Automated Clearing System
We can manage BACS transfers on your behalf, including payroll processing, auto-enrolment pension payments and PAYE/NIC contributions to HMRC.
BACS makes it easier to send repeat payments without the risk of making an error when re-entering account details, improves checks and records, and saves time by transferring funds more quickly.
Pensions auto-enrolment is one area where many small businesses are still in the dark. If you employ even one person, you must offer an auto-enrolment pension scheme, with minimum contributions by the employer and employee alike.
We offer auto-enrolment pension management from setting up your scheme, to calculating the required contributions, with regular reports and direct support when you need it.
P11D Preparation and Submission
A P11D form is normally required for each employee you have provided with benefits or expenses over the course of the tax year – this might include company cars, health insurance, childcare support and travel expenses.
Calculating the tax and NIC on employee expenses can be confusing, especially for small business owners, but Wagemate’s outsourced P11D service takes care of all the details so there’s no need to worry about it.
Construction Industry Scheme Payroll Services
Our CIS payroll services make sure building contractors deduct and pay over to HMRC the appropriate tax and NIC contributions from any subcontractors working for you under the Construction Industry Scheme.
It’s a kind of PAYE equivalent for subcontractors in the construction industry, and with Wagemate’s CIS payroll service, we will verify subcontractors’ status and tax rate, calculate and deduct the correct amounts, send the appropriate payments via BACS and provide you with full records and documentation.
The Wagemate ePayslips Portal is a central source of online payroll services and information about your employees’ salaries, wages and tax contributions – and it can slash as much as two thirds from your payroll admin costs.
It’s securely SSL encrypted and easily accessible from computers and mobile devices alike, and it serves as a secure way to deliver documents like P60s and P11Ds to employees.
As with all of our outsourced payroll services, we can provide you with regular reports, and we carry out frequent vulnerability testing to keep the platform secure at all times.
To find out more about any of Wagemate’s managed payroll services, email us today at firstname.lastname@example.org or call us on 03330 102 102 and a member of our team will be happy to answer any questions you might have.