Payroll Services

Managing payroll can be time-consuming and complex, especially when you must ensure compliance with ever-changing tax laws and regulations. At Caton Fry & Co, we provide comprehensive payroll services designed to save you time, reduce errors, and keep your business compliant with all statutory requirements. Whether you’re a small business, a charity, or a larger organisation, our payroll services are tailored to meet your needs, so you can focus on growing your business and serving your clients.

Let Us Handle Your Payroll, So You Can Focus on What Matters

At Caton Fry & Co, our payroll services are designed to save you time, reduce administrative burden, and ensure that your business stays compliant with payroll regulations. By outsourcing payroll services, our team is committed to providing reliable, accurate, and timely payroll services that meet your business’s unique needs.

Contact us today to discuss how our payroll services can help streamline your operations and reduce the stress of payroll management.

Payroll Services for Businesses & Charities

1. Comprehensive Payroll Processing: We handle all aspects of payroll processing, ensuring that your employees are paid accurately and on time. This includes calculating wages, deductions, bonuses, overtime, and any other allowances or benefits. Our team uses the latest software to ensure efficient and error-free payroll processing.
2. Tax Calculations and Deductions: Payroll management involves calculating income tax, National Insurance contributions (NIC), and other statutory deductions. We ensure that all deductions are accurate, taking into account the latest rates and tax codes, and we ensure compliance with HMRC rules.
3. Payslips: We provide clear and professional payslips for all your employees, which outline their earnings, deductions, and any other relevant information. Payslips are issued promptly and can be delivered digitally or in hard copy, depending on your preference.
4. RTI (Real-Time Information) Submissions: Under the Real-Time Information (RTI) system, businesses are required to submit payroll information to HMRC on or before each payday. We handle all RTI submissions on your behalf, ensuring that your business complies with HMRC’s reporting requirements.
5. End of Year Payroll Reporting: At the end of the tax year, we provide end-of-year payroll reports, including P60s (for employees) and P11D forms (for reporting employee benefits and expenses). We ensure all reporting requirements are met accurately and on time, minimizing the risk of errors or penalties.
6. Auto Enrolment and Pension Management: With auto enrolment, every employer must offer a workplace pension to eligible employees. We assist with the setup and management of pension schemes, ensuring that your business complies with pension regulations and that contributions are calculated and submitted correctly.
7. Holiday Pay and Sick Pay: We help manage calculations for statutory sick pay (SSP) and holiday pay, ensuring your employees receive the correct amounts according to their entitlements and in compliance with current employment law.
8. Payroll Administration for Contractors and Freelancers: If your business employs contractors or freelancers, we can manage their payroll too. We ensure proper tax treatment, handle invoicing, and provide payslips or payment reports tailored to the needs of your contractors.
9. Custom Payroll Reports: We can create customized payroll reports to suit your business’s needs. Whether you need detailed breakdowns of wages, tax deductions, or benefits, we provide the reports that matter most for your financial and compliance tracking.
10. Employee Expenses Management: Managing employee expenses can be complex. We help streamline the process by tracking and processing employee reimbursements in accordance with HMRC rules, ensuring that any expenses are appropriately accounted for in payroll.

Why Outsource Payroll Processing Services?

1. Accuracy and Compliance: We stay up-to-date with the latest tax regulations, including income tax, National Insurance, and pension contributions, to ensure your payroll is accurate and compliant with current laws. We help you avoid costly penalties or errors associated with incorrect payroll processing.
2. Timesaving: By outsourcing payroll services to us, you free up valuable time and resources to focus on other important aspects of your business. We handle the administrative burden of payroll so that you don’t have to worry about meeting deadlines or navigating complex tax codes.
3. Expert Support: Our team of payroll experts has years of experience in managing payroll for businesses of all sizes. Whether you have a few employees or a large team, we can scale our services to meet your specific needs and ensure a seamless payroll process every time.
4. Security and Confidentiality: We take your employees' personal information seriously. Our payroll services are designed with the highest level of security to protect sensitive data. You can trust us to handle your payroll with the utmost confidentiality and professionalism.
5. Flexibility and Scalability: Our payroll services are flexible and scalable, meaning we can accommodate changes in your workforce as your business grows. Whether you're hiring new employees, adding temporary staff, or adjusting pay scales, we adapt our services to fit your evolving needs.
6. Cost-Effective: Outsourcing payroll services to us can often be more cost-effective than managing it in-house, especially if you're dealing with complex payroll tasks or need to invest in payroll software. Our services offer great value without sacrificing quality or accuracy.
7. Stress-Free End of Year Reporting: The end of the tax year can be stressful for businesses, but with our payroll services, we handle all end-of-year reporting, including the preparation and submission of P60s and other necessary filings, so you can focus on running your business.

Our Payroll Service Process

1. Initial Setup: We'll start by setting up your payroll system, collecting necessary employee information, and configuring tax codes, salary details, and benefits. We will also ensure that your business complies with all statutory requirements, including auto-enrolment for pensions.
2. Ongoing Payroll Processing: Once everything is set up, we process your payroll on a regular basis (e.g., weekly, monthly). We calculate employee wages, taxes, and deductions and ensure everything is accurate.
3. RTI Submissions: Before each pay period, we submit your payroll details to HMRC via the Real-Time Information (RTI) system to ensure that your business stays compliant with tax regulations.
4. Payslips and Reports: We generate and distribute payslips to employees, providing detailed breakdowns of earnings, deductions, and any other relevant information. We also provide regular payroll reports for your records.
5. End-of-Year Reporting: At the end of the tax year, we prepare and submit your end-of-year payroll reports, including P60s and other required forms, ensuring that everything is filed on time and correctly.

Require more information?

If you would like more information or would like to speak to us direct then call us on 020 8530 1900. Or if you would prefer, ask us a question online.

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