Payroll
What is Payroll?
Usually managed by the accounting or human resources department of a company, payroll is the compensation a company must pay to its employees for a set period or on a given date.
Managing your payroll is essential and a process where errors need to be non-existent. Making sure your employees get paid on time, every time. At Ross & Co, we don’t just run your payroll and tell you what you need to pay your staff, we make sure you are maximising any tax saving schemes such as the employment allowance, which reduces your national insurance liability by up to £5000 per year!
We know payroll can be a real hassle sometimes, whether you’re a self-employed designer, an owner of your very own café or even the CEO of a large corporation, running an effective and efficient payroll system is not always plain sailing. That is why we will set up and run your payroll service for you on agreed timelines. As well as providing digital pay slips directly to your staff.
What payroll services do Ross & Co offer?
We tailor make our packages to suit your needs, however our services will typically include:
Data entry
National insurance
Tax calculations
PAYE
Payslips
Official documents such as P45, P60 and P11d
GDPR compliance
Reports and end of year summary
RTI provided to HMRC