A well run Payroll Department is like a reliable car, it’s largely taken for granted, working with quiet efficiency, until something goes wrong and then, and perhaps only then, do we begin to realise just how much we depend on it.
For those of us with longer memories, there was a time when cars were simple enough for us to have a go at fixing ourselves, how times have changed; now, for most of us, they are far too complicated. It’s the same with payroll. It used to be simpler but over time has become increasingly complicated and, with the arrival of auto-enrolment and the workplace pension requirements, it has become even more challenging. You really need to know what you are doing.
Keeping abreast of the changes in PAYE legislation is vitally important as getting it wrong means you could be facing hefty fines in addition to having to pacify disgruntled employees.
That’s why we feel having a dedicated Payroll Department, processing payroll and only payroll is important. We’re here to ensure that your payroll runs as smoothly as a finely tuned car.
We handle thousands of transactions every year with the knowledge and the specialist software designed to take the headache out of running a payroll.
As with any good mechanic, we want to make sure that your car is properly serviced, which is why we also continue to help clients with their workplace pension requirements after they have staged, including ensuring that they keep up to date with the rise in contributions that are taking place.
The current time table for increases in minimum contributions is outlined below:
|Date||Employer minimum contribution||Total minimum contribution|
|Staging date to 5th April 2018||1%||2% (including 1% employee contribution)|
|6th April 2018 – 5th April 2019||2%||5% (including 3% employee contribution)|
|6th April 2019 onwards||3%||8% (including 5% employee contribution)|
We have helped hundreds of businesses deal with the impact of auto-enrolment and are happy to operate a payroll scheme for you whether you have one employee or several hundred.
Why not make us your trusted payroll and workplace pension ‘mechanic’ – you drive the car and we’ll help keep it on the road.