payroll
Payroll can be a real hassle for any company, regardless of size. Whether you are a freelancer, or small business owner, managing an efficient payroll system can be time-consuming and labour-intensive.
Many businesses struggle to calculate payroll accurately and ensure timely payment of wages. At Finova Accountancy, payroll services are our specialty. We implement software and processes to alleviate the administrative burden, allowing you to focus on growing your business.
By working with us, you have a team that understands and speaks your language, ensuring seamless payroll management for businesses of any size. We offer full or partial payroll services and payroll outsourcing as a cost-effective solution for a fixed monthly fee, saving you both time and money.
why choose us
​payroll that adapts to your business needs
We can manage payroll on a weekly, fortnightly, or monthly basis, handling all aspects such as wages, overtime, bonuses, and deductions, while ensuring compliance with HMRC's Real Time Information (RTI) requirements by submitting payroll in real time to prevent penalties and ensure accuracy.
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transparency for employees
We provide clear and detailed payslips for your employees, delivered securely and promptly. Payslips include all necessary information, such as gross pay, deductions, net pay, tax contributions, and any pension deductions. This ensures your employees have full transparency and understanding of their earnings and deductions.
​simple breakdown of pay calculations
Our comprehensive gross to net summaries provide a breakdown of how wages are calculated from the employee’s gross salary to their net pay. This includes all taxes, National Insurance contributions, and other deductions, giving both you and your employees a clear and easy-to-understand record of how their final pay is determined.
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guidance on HMRC payment deadlines
We offer guidance on the exact amounts due to HMRC each payroll period. This includes PAYE (Pay As You Earn) tax and National Insurance contributions, helping you stay compliant with payment deadlines. Our detailed reports ensure you know exactly what is due and when, reducing the risk of underpayment or late fees.
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seamless year-end submissions
Our payroll service includes the preparation and submission of compulsory end-of-year returns to HMRC. We manage the P60s for all employees and ensure that all necessary information, such as taxes paid and earnings, is reported accurately. Our team handles the entire online filing process, ensuring that your year-end obligations are met seamlessly and on time.
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handling employee benefits in kind
We handle the calculation and preparation of P11d forms for employees who receive benefits in kind, such as company cars or health insurance. Our experts ensure that all taxable benefits are correctly recorded, and we submit the required forms to HMRC. This ensures your business stays compliant with regulations related to non-cash benefits.
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ensuring compliance with pension regulations
We manage the administration of employee pension contributions, ensuring compliance with UK pension regulations, including auto-enrolment. This includes calculating contributions, submitting payments to the pension provider, and maintaining accurate records. We help ensure your business meets all its pension obligations, keeping your employees’ retirement plans on track.
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maximising benefits with salary sacrifice schemes
Salary sacrifice arrangements let employees exchange part of their salary for benefits like pension contributions or childcare vouchers, offering tax and National Insurance savings. At Finova Accountancy, we help set up and manage these schemes, ensuring compliance with HMRC and maximising benefits for both your business and employees.