Phone Number

020 3488 5996

Payroll Services

Trusted Accounting Solutions for Your Business Success

Payroll Services

Our Payroll Service streamlines the management of employee pay, ensuring accurate and timely payroll processing while maintaining full compliance with HMRC regulations. We manage everything from calculating wages and National Insurance contributions to processing tax deductions and submitting Real Time Information (RTI) to HMRC, as well as providing year-end reports such as P60s. This allows businesses to focus on their core activities with confidence.

How can Pearson Accounting assist you with your Payroll Services?

Step 1
Step 1

Collect Employee information

Gather essential detail of each employee and setting up on our system.

Step 2
i
Step 2

Establish a Payroll Schedule

Establish a payroll frequency (weekly, bi-weekly, or monthly) based on each client’s preference. Ensure the schedule aligns with both the client’s payment cycle and their employees’ need for timely and accurate salary disbursements.

Step 3
Step 3

Time Tracking and calculation

Calculate gross salary of salaried and hourly employees, incorporate any bonuses or additional compensation.

Step 4
Step 4

Calculate deduction and net pay

Calculate and apply statutory deductions, such as income tax, National insurance, pension contribution and any other deduction to determine the employee’s net pay.

Step 5
Step 5

Advise monthly liability

Provide clear guidance on monthly PAYE liabilities and ensure clients are informed of payment deadlines to maintain compliance with statutory requirements.

Step 6
Step 6

HMRC reporting

Submit payroll data to HMRC on or before each payday to report employee earnings and taxes.

Step 7
Step 7

Process Year-End Payroll Reporting and other forms

Where applicable, provide each employee with the relevant documentation, including a P60 for year-end tax summaries, a P11D for reporting benefits and expenses, and a P45 upon cessation of employment.

Auto enrolment advice

  • Auto-enrolment is a government initiative that requires employers to automatically enrol eligible employees into a workplace pension scheme.
  • We assist businesses in ensuring full compliance with all legal obligations, from setting up the pension scheme to managing contributions and ongoing administration.
  • Our team will guide you through every step, ensuring your employees are enrolled correctly while you stay up to date with pension regulations.
  • Let us handle the details so you can focus on growing your business.