PAYE & payroll services

Smith & Brown provide flexible and reliable payroll services for businesses of all sizes across the North West.

We’re proud to work alongside you to help you achieve your business goals with bespoke payroll services through cloud-based software.

Payroll is one of the key components of any business, especially to employees. Ensuring your staff paid the correct salary, and on time, helps to build confidence and commitment within their role. Payroll is one area of your business that you want to get right!

We understand that every business is unique, and so is their payroll process. That’s why all our payroll outsourcing services are tailored exactly to meet our clients’ requirements and needs. By understanding your business, our team of accountants are able to provide an accurate and cost-saving payroll solution, leaving you time to focus on the every day running of your company.

 

Payroll outsourcing services for small businesses

Payroll services in accounting usually refers to the amount paid to employees, their salaries, hourly rates and totals, and their tax, often deducted at source by PAYE. Many medium and large companies have a payroll department to handle this work directly, but most small businesses outsource their payroll services to an external accounting company. 

Either option can result in a reduced cost of administration depending on the structure of your current payroll arrangements. However, if you choose the wrong solution, it can be extremely costly and inefficient for your business.

Beyond their main function of ensuring that employees are paid correctly, on time and with the appropriate tax, deductions and benefits, payroll accountants often have responsibility for filing of the correct paperwork for regulatory agencies like HMRC. Depending on the type of work your company does, these obligations might include:

  • PAYE documentation, including records of tax and NI deducted ‘at source’ provided to HMRC.
  • P11D/P11D(b)/P9D. These are documentation relating to benefits and expenses liable for class 1A National Insurance contributions.
  • CIS documentation, including filing of returns to HMRC for the construction industry scheme.
  • Communication with accountancy dept. regarding wage bills and taxation for the purposes of annual accounts.
  • Pensions.
  • Student Loan Contributions.
  • Issuing of Payslips.
  • Calculation of Sick Pay.
  • Issuance of P60/P45 for end of year and/or employees who are leaving.

Many of these functions are legal requirements and so it’s important to allocate them to an accountant that you can trust. At Smith & Brown, we pride ourselves on offering outsourced payroll services that are not restricted to just sorting employee pay slips. We tailor the payroll services in a manner that they become a powerful management analytical tool for your business.

 

What is PAYE?

Pay as you earn, or PAYE, refers to the income tax that is deducted from an employee’s salary before they receive it. It is the most common way that most workers pay income tax. An employer sends the PAYE to HMRC directly from the employee’s pay before it even reaches their account. PAYE is calculated based on how much an employee earns and whether they’re eligible for a personal allowance. 

As a business owner, if you run payroll yourself, you need to report your employee’s payments and deductions to HMRC on or before each payday. You can outsource the responsibility of doing so to an accredited payroll accountant, like Smith & Brown, to save you time and hassle.

 

Benefits of choosing Smith & Brown for your payroll services

By choosing Smith & Brown for your payroll services, you will receive a completely comprehensive payroll service through our own sophisticated cloud-based software. Using this payroll system, you can easily handle all your payroll requirements, as well as maintain a full HR database. 

 

Functions include:

  • PAYE calculations
  • Automatic payslip Generation
  • P11D/P9D submission
  • Automatic Completion of P11D(b)
  • Full CIS functionality
  • Fully functional RTI link with HMRC for PAYE Tax and NI information
  • HR database including name and address details, medical and next of kin information etc.
  • Set up BACS transactions for paying employees
  • Inbuilt reporting and analysis tool

By using our cloud-based software, you’ll have direct access to all your payroll information. You’ll also be able to make changes 24 hours a day, from anywhere in the world with an internet connection.

Smith & Brown can also handle your payroll for you in the same way you’d employ a third-party organisation, or we can even supply an in-house individual.

Whatever your payroll requirements are, we will work to help make the most out of your finances. Your initial consultation with us is free so you’ll have the opportunity to discuss some of the benefits and risks of each option with one of our partners, without any obligation.

 

Why choose Smith & Brown for your business?

Smith & Brown provide a high-quality accounting service for small businesses of all shapes and sizes. We are an established firm of relationship-led accountants, with clients throughout the Northwest of England. Our accounting services have helped countless small business owners in a variety of industries. From trades and services to retail and hospitality, wherever your passion may lie, Smith & Brown are here to help your business flourish.

 

Client relationships

We realise that running a small business can be demanding and time consuming. Above all else, we’re committed to understanding the ins and outs of your business and designing an accounting service that’s especially for you.  We build lasting relationships with our clients that work.

 

Smart Growth

Over the past twelve years we’ve developed a process-driven approach, which helps small business owners with the daily challenge of getting out from inside their business and staying on top of it. Our ‘Smart Growth’ uses the latest in data collection and processing technology to put you firmly in control of your business. We’ll help you find scalability and develop the confidence and vision you need to drive your businesses further.

 

Quality expertise

Over the years, we’ve handled accounts and provided direction for hundreds of diverse businesses. Our qualifications and decades of experience mean that we understand the world of business and accounting. Whether it’s strategic analysis or the subtleties of taxation planning for unincorporated companies, we’ve got it covered.

 

Our accounting services for small businesses

Once your company is registered, Smith & Brown can provide professional accounting services to help manage your company. Our accounting services have helped countless small business owners in a variety of industries. From trades and services to retail and hospitality, wherever your passion may lie, Smith & Brown are here to help your business thrive.

We offer in-depth analysis to see how your small business or company is performing, with the difference between our accounting services and the rest being our ability to see the bigger picture for your business. We focus on your goals, what you want to achieve and provide advice on the best route to get there.

Besides business startup and company formation, Smith & Brown also offer the following accounting service for small businesses:

Annual accounts

We can handle your small business’ annual accounts for you, meeting the submission deadline on your behalf, giving you the peace of mind that your submission will be complete and correct. Our accountants are also chartered tax advisers, which means that they have the skills and experience of the UK tax system to save you money on your tax-bill, which, in the case of your accounts, means more money in the bottom line for you.

Bookkeeping services

In short, we’ll help you to set up and manage whatever system of bookkeeping you require. All our bookkeeping solutions are designed to give you insight, control and easy access to your accounts whenever you need it. We charge a fixed annual fee so you can anticipate your costs without any hidden surprises.

Xero Cloud Accounting

Xero Cloud Accounting gives you access to a huge range of real-time data about your business 24 hours a day. Cloud based accounting software gives you, your finance team and your accountant, access to the same data simultaneously without having to send it to each other by email or physical methods like USB or CD.

PAYE & payroll services

We offer a completely comprehensive Payroll service through our own sophisticated cloud-based software. Using this system, you can easily handle all your payroll requirements, as well as maintain a full HR database.

Corporate & business tax accountants

Does sorting your business’ corporation tax return fill you will worry and dread? Smith & Brown can simplify the process, so you don’t have to deal with HMRC, never miss a deadline and always pay the correct amount in tax.

R&D tax advisors

We can handle your claim for R&D tax relief from start to finish, whilst making sure it’s as smooth, hassle-free and cost-effective as possible. Rest assured that our team of R&D tax advisors are here to help make sure your claim is accurate and effective.

Personal tax accountant

Smith & Brown can handle your personal tax return no matter what state your bookkeeping is in! We’ll provide a flexible service to you that lets you give us the information we need in any way you like and takes away the hassle of sorting your finances completely.

 

Contact Us

If you have any comments or questions about your small business’ accounts or finances, Smith & Brown are here to help. Whether you simply want some advice, or to arrange a meeting with us face to face, get in touch. We look forward to hearing from you!

 

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