Whether you have a handful of staff or several hundred, payroll is routine and vitally important. You can’t afford to run late with payments, overpay, underpay, or forget employer pension contributions.
If your employees have a fixed wage, never go off sick, never have babies, and don’t need a pension, you might feel that your payroll is relatively straightforward.
In reality, all these situations and many more, do occur – regularly! Moreover, you must navigate complexities such as minimum wage and living wage compliance, attachments to earnings, advance payments or accidental overpayments, and calculating both employee and employer pension contributions.
A big part of growing a successful business is ensuring your employees are always paid on time and accurately. This might seem easy in theory, but the calculations can quickly add up—and on top of that, you need to stay up to date with PAYE legislation.
Rather than juggling this function on your own, why not outsource it to the payroll accountants at BBK Accounts? Our bespoke services ensure that your payroll is always ready on time and in full accordance with HMRC requirements. You don’t need to worry about anything with us by your side!
We do everything, from pension enrolment and wage calculation to maintaining secure records and submitting relevant forms. Our experts at BBK Accounts can help you with the following:
Naturally, you want to work with a payroll management company in Southampton that understands your world. We’ve got you covered.
Navigating CIS (Construction Industry Scheme) deductions and subcontractor management is critical for construction businesses. Our comprehensive services ensure full compliance with HMRC regulations. We verify subcontractor status, process monthly returns, and issue payment statements accurately and on time. Our expertise in CIS deductions guarantees that payments are correctly assessed and reported, reducing your administrative burden and avoiding potential penalties. With our support, you can confidently manage subcontractor relationships and focus on the successful delivery of your construction projects, knowing that your CIS obligations are expertly managed.
As a landlord, managing payroll for property management staff is crucial for smooth operations. Our comprehensive payroll services handle all aspects, from processing timesheets and calculating wages to ensuring compliance with PAYE and National Insurance contributions. We also manage payroll adjustments for factors like benefits in kind, ensuring accurate reporting and adherence to legal requirements. With our expertise in employee payroll, including pension scheme setup and auto-enrolment support, we help you maintain a compliant and efficient payroll system.
For professionals in IT, marketing, HR, cybersecurity, and other sectors, our payroll services offer tailored solutions to simplify payroll management. We handle everything from processing timesheets and calculating employee wages to managing PAYE, NI, and deductions. Our services include setting up pension schemes and providing auto-enrolment support to ensure compliance with regulatory requirements. With our expertise in employee payroll, including handling starters, leavers, and payroll adjustments, you can streamline operations and focus on delivering exceptional services to your clients. Even if it is just your salary, it needs to be right. Let us take care of your payroll needs so you can concentrate on growing your business effectively.
With BBK Accounts, you’ll always be in control. Here’s why:
With us by your side, we will ensure you meet all statutory deadlines, preparing and filing everything on time. Our expert accountants stay updated on all the latest payroll legislations so you don’t have to and provide guidance to run an efficient payroll system.
We can help you with pension auto-enrolment (compulsory in the UK for employees between 22 and State Pension age, and earning over £10,000 per year) and file all the necessary paperwork. We also set up your pay system to handle parental leave, sick pay, overtime, paid holidays, child support, and pay adjustments.
Whether you’re a small business looking to take on your first employee or a larger, global organisation seeking to outsource your payroll services, we can provide the support you need. Our solutions are designed to meet the unique needs of businesses of all sizes, ensuring a smooth and efficient payroll process. We’ve seen it all so that we can do it all.
At BBK Accounts, you’ll get personalised service and a touch of humour to brighten your day. No call centres or faceless customer service, just our super efficient team who you can talk to when you need help. As you take on new employees, open new premises or change the employee benefits you offer, we can adapt to support you.
Since working with BBK Accounts, we’ve seen a marked improvement in how we manage project costs and keep a closer eye on expenses, ensuring we stay within budget, which has had a direct impact on our bottom line. What I appreciate most is their personalised service—they genuinely understand the unique challenges of the construction industry and are invested in our success.
I've been with BBK for three years, and I couldn't be happier with their service. Their receipt scanning app makes managing my accounts a breeze, and I always know my tax liabilities well before payment is due. It really takes the hassle out of accounting!
I have ben using BBK for many years now and have been really impressed with Jenny and the whole team. Happy to answer simple and more complicated questions and really reasonable prices too! Highly recommended.
She (Jenny) was looking after my accounts for several years before I joined the partnership. I am now going back to her to get the excellent personalised service I had from her.
This (the UK tax system) really is all quite confusing to me. I am so pleased BBK is there to guide me through this.
Filing my personal tax returns used to be a daunting task, but BBK Accounts has made it so much easier. They handle all the details and ensure that everything is filed correctly and on time, saving me both time and worry.
Payroll is one of those routine tasks that are essential to get right. Each employee’s needs are unique, and the employer must consider those needs. You have to calculate overtime, manage pension enrolment, run employee benefit schemes, and take student loans into account. No wonder payroll can be a mammoth task, even if yours is a small business. Doing it on your own can lead to a lot of stress—and put you at risk of penalties from HMRC if you make mistakes. By outsourcing your payroll, you can ensure accuracy, compliance, and peace of mind.
To ensure you have all the necessary information before paying a new employee, make sure to collect the following details:
Late or incorrect payroll processing can result in significant penalties, including fines from HMRC for late PAYE payments or incorrect tax deductions. You may also face penalties for underpayment of wages, not following minimum wage laws, or failing to meet pension contribution requirements. Beyond financial penalties, errors in payroll can lead to employee dissatisfaction and a loss of trust. For any employees who are Universal Credit claimants, late RTI submissions can cause serious errors in their benefit calculations, leading to underpayments or overpayments.
© 2024 Registered in England and Wales No. 07819766 | ICPA membership number 107469 | VAT Registration No. 173980574 | Data Protection Registration No. ZA128056
