Payroll Services

Imagine this: you switch on a new payroll system, and everything just works. No stress, no headaches, just smooth sailing from day one. That's the Prescient Accounting difference. We don't just set up your payroll; we take the time to understand your unique business needs and company structure. Our dedicated team works closely with you to configure your system efficiently, ensuring a stress-free transition and laying the groundwork for accurate and timely payroll processing.

Payroll data can be complex and ever-changing. But with Prescient Accounting, you can leave the worry behind. Our team of payroll specialists are meticulous and detail-oriented, handling all aspects of employee data entry, updates, and deductions with accuracy and compliance in mind. This includes salaries, bonuses, statutory payments, and any other relevant information. We stay on top of HMRC regulations and keep your records up-to-date, so you can rest assured that everything is being handled correctly.

Payroll calculations can be tricky, especially with ever-changing tax rules and National Insurance Contributions (NICs). At Prescient Accounting, we combine our expertise with sophisticated payroll software that automates these complex calculations with precision. Our software stays updated with the latest regulations, ensuring you always pay your employees the correct amount and avoid any nasty penalties. You can keep your focus where it's needed, knowing your payroll is in safe hands.

Our payroll professionals can handle all types of calculations including pensions auto-enrolment* assessments, tax, benefit allowances and all other payroll requirements.

*See below for more information

Your employees deserve clear and concise information about their earnings. With Prescient Accounting, they'll receive payslips electronically or via traditional methods, whichever they prefer. These payslips will detail their gross pay, deductions, and net pay in an easy-to-understand format.

But it's not just about individual payslips. We also understand the importance of comprehensive payroll reports for businesses. Our system generates detailed reports covering everything from employee hours and salaries to tax liabilities and statutory payments. These reports empower you to make informed decisions about your workforce and finances.

Dealing with HMRC can be a daunting task, especially with deadlines and UK payroll regulations. At Prescient Accounting, we take this administrative burden off your shoulders. Our team of experts ensures all submissions to HMRC, including Real Time Information (RTI), are made accurately and on time. This reduces the risk of penalties and keeps you compliant with the latest requirements.

The end of the financial year can be a stressful time, but it doesn't have to be for your payroll. We handle all year-end tasks seamlessly, including issuing P60s to your employees, filing P11Ds with HMRC, and processing any statutory payments. This ensures a smooth close to the year and gives you peace of mind knowing everything is taken care of.

So, with Prescient Accounting, you can say goodbye to payroll headaches and hello to clear communication, accurate reporting, and stress-free compliance.

Payroll doesn't have to be a solo journey. At Prescient Accounting, you have a dedicated team of payroll specialists by your side, ready to answer your questions and address any concerns promptly and professionally. Whether you're navigating complex regulations, need help interpreting a payslip, or simply want reassurance about a specific detail, our experts are here to guide you.

Think of them as your personal payroll hotline. No matter how big or small the issue, don't hesitate to reach out. As a leading payroll provider, we promise:

• Prompt responses - We understand that payroll matters can't wait. You'll receive timely replies to your emails and phone calls, ensuring your questions are addressed quickly and efficiently.
• Professional and knowledgeable assistance - Our experienced payroll staff are highly trained and certified, with extensive experience in all aspects of payroll. They stay up-to-date on the latest regulations and industry best practices, providing you with accurate and reliable information.
• Personalised attention - We understand that every business is unique. We'll take the time to understand your specific needs and concerns, offering tailored advice and solutions that fit your situation.

Accessibility - We're available through multiple channels, including email, phone, and even online chat, so you can reach us easily whenever you need assistance.

We assess your workforce to determine which employees are eligible for auto-enrolment and guide you through the staging date process, ensuring you comply with all deadlines.

We work with you to choose a suitable workplace pension scheme that meets your budget and employee needs, handling all the necessary paperwork and registration.

We enrol eligible employees into the chosen scheme and calculate their contributions and yours, ensuring accuracy and adherence to current regulations.

We maintain detailed records of all auto-enrolment activity and submit all required reports to The Pensions Regulator (TPR) on time, avoiding any penalties.

Our expert payroll services team offers a personal service tailored to your requirements. They will answer your questions, provide ongoing guidance, and keep you informed of any changes in auto-enrolment legislation.

As with the rest of our payroll services, there are several benefits:

• You remain compliant, and your employees are enrolled in a suitable pension scheme, giving you peace of mind. You also get more time to deal with your core business activities.
• Our team of auto-enrolment specialists has extensive experience in navigating the complexities of the scheme, ensuring you receive accurate and up-to-date advice.

• We can integrate this process with your existing payroll system, streamlining the process and minimising disruption.
• We keep you informed every step of the way, providing clear and concise explanations of your obligations and the process.

Let Prescient Accounting take the weight off your shoulders and handle your auto-enrolment needs efficiently and effectively. Contact us today for a free consultation and discover how we can help you comply with confidence.

Remember: auto-enrolment is a legal requirement, and non-compliance can lead to significant penalties. Don't wait – ensure your business is compliant and your employees are on the path to a secure retirement with Prescient Accounting.

Imagine having that nagging worry about your company's payroll lifted from your shoulders. With Prescient Accounting's fully managed payroll service and a dedicated account manager, you can do just that. Our team of experts will handle every aspect of your payroll efficiently and accurately, freeing up your valuable time and resources to focus on running and growing your business.

No more late nights spent manually entering data, deciphering complex tax regulations, or chasing down employee information. We'll take care of all the heavy lifting, giving you back precious time to invest in strategic initiatives, client relationships, and core business operations.

Payroll mistakes can be costly, both financially and in terms of employee morale. But with Prescient Accounting, you can relax, knowing you're in safe hands. Our combination of expert knowledge and advanced payroll management software minimises the risk of errors and ensures your calculations are always accurate.

We stay up-to-date with the latest HMRC regulations and complex tax rules, applying them carefully to each pay cycle. This professional approach not only safeguards you from costly penalties but also gives you the peace of mind that your employees are receiving their correct net pay every time.

Navigating the ever-changing landscape of HMRC regulations can be a challenge, even for the most seasoned business owner. With Prescient Accounting, you can forget the hassle of striving to remain compliant. Our team of specialists keeps a close eye on all relevant regulations and legislative updates, ensuring your payroll processes are always compliant with the latest requirements.

We'll handle all HMRC submissions, including Real Time Information (RTI) and year-end reporting, with precision and well within the deadlines. This not only avoids potential penalties but also allows you to focus on running your business with confidence, knowing you're meeting all your legal obligations.

Payroll issues can quickly lead to disgruntled employees. Late payments, inaccurate calculations, or confusing payslips can all contribute to frustration and lower morale. But with Prescient Accounting, you can promote a happier and more motivated workforce by ensuring timely and accurate paydays.

We understand that getting paid correctly and in a timely manner is essential for your employees' financial well-being and overall job satisfaction. Our efficient and reliable service removes the stress of payroll from their shoulders, allowing them to focus on their work and contribute their best.

Moreover, clear and concise payslips, delivered electronically or via traditional methods, empower employees to understand their earnings and deductions. This transparency fosters trust and appreciation, ultimately leading to a more positive and productive work environment.

The days of digging through mountains of paperwork to access payroll information will be a distant memory! With Prescient Accounting, you gain complete transparency and control through our easy-to-use online portal. This secure portal provides you with real-time insights into your payroll data, anytime, anywhere.

You will have direct access to:

• Individual employee details - View salaries, deductions, and payslip history for each employee.
• Payroll reports - Generate comprehensive reports covering everything from employee costs to tax liabilities for each pay period.
• Year-end summaries - Easily access P60s, P11Ds, and other year-end reports.
• Audit trails - Track all changes made to your payroll data for complete transparency.

This level of access empowers you to make informed decisions about your workforce and finances. You can identify trends, analyse costs, and ensure everything is running smoothly, all within the user-friendly confines of our online portal.

We take security seriously; all of your sensitive payroll data will be protected by stringent security protocols and software.

We offer competitive rates and work with you to find a cost-effective solution that fits your budget. Our fully managed payroll services provide the best payroll solutions to suit you, whether you are running a small business or you employ well over one hundred staff.

There is no 'one-size-fits-all' payroll solution, so it's impossible to quote a price here. However, our rates compete favourably with all the leading outsourcing payroll services.

Also, in the long term, you'll reap the benefits of using Prescient Accounting's payroll process as our team, including your dedicated account manager, will streamline the operation, eliminate errors and increase efficiency.

In addition, you will save time that can be invested elsewhere, increasing business growth and financial success.

• Employ anyone who earns £123 or more per week before tax and National Insurance.
• Pay your employees expenses and benefits.
• Have employees with other jobs or pensions.
• Employ contractors who are deemed "employees" for tax purposes.

• All your employees earn less than £123 per week before tax and National Insurance, and
• You don't pay them any expenses or benefits, and
• They don't have other jobs or pensions, and
• They are classified as genuine contractors for tax purposes.

However, even if you don't need to operate a formal payroll system, you are still required to keep payroll records for at least three years and report any payments made to employees to HMRC.

It's important to note that this is a general overview, and the specific requirements may vary depending on your individual circumstances. It's always recommended to consult with an accountant or tax advisor to ensure you are complying with all current UK employment laws and regulations. Prescient Accounting specialist payroll experts are always available for advice on this matter when you need them.

Payroll services involve managing the compensation of employees, including wages, deductions, and tax filings, to ensure accurate and timely payment.

Outsourcing payroll can save your business time and resources, reduce the risk of errors, and ensure compliance with tax regulations.

The cost of payroll outsourcing in the UK varies depending on the provider, the number of employees, and the services included, offering scalable solutions for businesses.

Yes, payroll confidentiality is a top priority for outsourcing services, with strict protocols in place to protect sensitive information.

Payroll services manage tax compliance by accurately calculating tax obligations, submitting required filings, and keeping up-to-date with changing tax laws.

Our payroll service package includes employee payment processing, tax filing, compliance management, and access to detailed payroll reports.