If your business employs people, you are legally obliged to set up a payroll system in order to deduct the correct amount of Income Tax and National Insurance contributions (NICs) from their pay. In addition to their taxes, your system will need to be able to handle any changes in employees’ taxable benefits (e.g. company cars), and payroll deductions (e.g. pension contributions or student loan repayments).
Many small businesses outsource their payroll function because calculating Income Tax and NIC deductions can be time-consuming. Payroll can also be complicated due to other payments and deductions such as maternity pay, pensions and student loan repayments.
Whilst outsourcing your payroll will be an extra cost to your business, there are a number of business benefits which can more than justify the costs involved. This guide outlines the main benefits of outsourcing, introduces the different outsourcing methods for your business and explains the key issues that should be covered by any outsourcing agreement.
Eurohaven payroll services will offer everything you need to be fully compliant:
Specialised staff can manage all of your payroll calculations and deductions. Dealing with attachments of earning, student loans, SSP, SMP, SPP, SAP as well as the normal deductions for national insurance, tax and pensions.
Eurohaven Associates Ltd is dedicated to resolving these issues professionally, accurately and promptly!
We pride ourselves on our reputation for reliability and efficiency. Let us take over this time-consuming chore and help your company run more effectively.
Payroll is our business!
We will also handle those dreaded year end returns and can file online at a small extra charge.
Our Systems are approved by the HM Revenue and Customs which are automatically updated in line with changes in legislation. Our software is purpose built to guarantee total accuracy with records held for nine years.
Eurohaven Associates offers a fully confidential service.
We understand current financial legislation – for example: the ever changing requirements of PAYE, NI deductions, minimum wage legislation and the impact of the European Union.
We will tailor-make a package to suit payrolls from 1 to 2000 employees on a weekly, fortnightly, 4 weekly or a monthly basis.
We have over 40 additions categories including:
We have over 40 deduction styles including:
Our aim is to satisfy the needs of your company!
Our clients are drawn from every sector of the business community, including:
We handle all aspects of your payroll including dealing with P45 & P46.
If you would like to discuss any aspect of your company’s payroll with no pressure or obligation please call us for a chat.