As an employee, you don’t think much of the payroll system. As long as you get paid the right amount of money, and get paid on time, that’s all that matters. You might groan a bit when you see how much has been taken off in tax, but then you will also grin at all of that overtime money.
Grinning and groaning is part of setting up a payroll system as an employer too, but there is a lot more to it. OfficeOnCall offers affordable payroll services that will help you to keep it all in check, and will help you to understand what is happening with your finances.
Because employees are often the highest expense of a business, it is important that you get it right first time. It is also important that you follow all of the governmental rules that relate to payroll, like taking off the correct amount of tax for example, along with other benefits.
There are a number of different steps involved with setting up a payroll system, but, with our affordable payroll services, there will be someone there every step of the way to help you.
Employer Registration Number
This is the first step when it comes to setting up a payroll system. Once you have registered your business, and before hiring your employees, you will need a registration number that will be used in correspondence with all taxes. This number will be needed when filing for returns, and when corresponding with the government Revenue.
If you don’t know how to obtain this number, then speak to someone working on our affordable payroll services. They will be able to give you the help and advice needed.
Establish your policies and procedures
This is another aspect that our affordable payroll services will be able to help you with. It should cover all aspects of your employees’ contract and legal obligations. Here are some examples of areas you should include:
You should also have a record of your employees’ tax codes and bank details, so that they are all kept in one place. This means that you don’t have to go searching through their files when it comes to updating the system.
Choose a payroll system
The system you choose will depend on the type and size of your company. If you have a larger company with many different departments, you are likely to want a payroll system that separates each of these departments. This will make it easier to see the expenses of each department, and manage them accordingly. You will be able to tell which area of your company can afford to take on more employees, and whether you have to let anyone go.
Run your payroll
This is one of the main aspects that our affordable payroll services covers. As well as collating all of your information and making it easy to read and to access, we also run your payroll system for you. If there are any deductions to be made, or any overtime to add, you won’t have to spend the extra time putting it in.
Submit your payroll returns on time
The government requires payroll returns to be submitted. This ensures that they can keep a track of how many employees you have, as well as how much each individual is earning. Taxes and tax returns are determined by your payroll returns, and our affordable payroll services will ensure that they are submitted correctly and on time.
Why hire us?
This is a very good question to ask. Many people prefer to fill in their payroll themselves, but this can raise problems. With our affordable payroll services, you won’t need to worry about coming up against new laws and legal procedures. It is our job to keep abreast of this, and ensure that you are making the most of your money and keeping everything up to date in the correct manner.
Our affordable payroll services are available to companies both large and small, and it won’t be long before you see a positive change to your business. Give us a call today, to find out more!