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BUSINESS PAYROLLOur payroll bureau service has been developed to provide employers with total peace of mind. It makes sense to outsource your payroll; it is a complex task that takes up your valuable time - time much better spent focusing on your business. Some of the benefits The Office Concept can provide are:
Outsourcing payroll also gives your Finance staff more time to concentrate on other work. You will no longer
have to worry when the person responsible for your payroll goes off
sick, or moves on. No more expensive training costs. Paying your employees
is a legal obligation and cannot be delayed. As you probably know, employers are also legally obliged to pay income tax and national insurance on behalf of their staff, and must keep employees payroll details on record, in order to produce an annual return for the Inland Revenue. Employees often agree a net, or take home, wage with their employers, but an employee is always paid a gross wage, with tax and NI deducted and paid to the Inland Revenue by the employer. Some employers might look on this as an additional cost, but it is part of the employee's wage. On top of the gross wage, employers also have to pay an Employer's National Insurance contribution for each employee. There is a big difference between the net wage and the true cost of employing staff, and employers are advised to find out the true cost before agreeing to pay a net wage. Grossing up a weekly
wage can be difficult for employers with little experience of the UK
tax system. Let The Office Concept take all the hassle of payroll off
your hands. Please contact us for a quote. For a rough quide to our charges, click here. Documents required from new employees Download Form: P46 (For new employees without a valid P45) Download Form: P38s (For students, working in their holidays) |