Payroll

payroll services in kent

Payroll is not exactly the most thrilling part of being a business owner, right? Outsource the responsibility of managing your payroll to the pros at Jameco to free up your time and remain compliant without breaking a sweat.

Welcome to Jameco Group, payroll services

When you launched your business, the last thing on your mind was the hours you’d come to spend processing payroll. At Jameco, we understand completely and are here to take the stress out of payroll so you can focus on what you do best – running your business.

Payroll is constantly evolving, and keeping up with the legislation can be a real challenge. This is where our services can prove indispensable. Our team of friendly UK payroll experts is here to handle all the nitty-gritty of your monthly payroll and keep you compliant with ever-changing tax laws.

We use the most up-to-date cloud technology and have meticulous attention to detail, so you can rest easy knowing that your employees will be paid accurately and on time.

If that sounds good to you, do not hesitate to get in touch to find out more about our outsourced payroll solutions.

What is payroll?

Payroll refers to the process of calculating employee salaries, deductions and benefits, reporting this to HMRC and distributing wages. A payroll system is an integral part of any business to ensure accurate and timely payment to staff and HMRC.

What is involved in the UK payroll process?

Come payday, everyone in your business is happy and excited about receiving their pay packet, but a hell of a lot of work has to go on behind the scenes to make this happen.

The UK payroll process involves a series of steps, starting with tracking hours worked before calculating the necessary deductions and/or reimbursements.

For example:

Income tax deductions – i.e. the amount of income tax to be deducted from each employee’s earnings based on their tax code, tax bands, and allowances.

National Insurance Contributions (NICs) – Including both employee and employer contributions.

Pension contributions – If the employee is enrolled in a pension scheme, (their contributions, as well as the employer’s if applicable), must be deducted.

Student loan repayments – If an employee has a student loan, payroll calculates and deducts the appropriate amount based on their loan plan and income thresholds.

Workplace benefits – e.g. health insurance or contributions to employee savings schemes.

Employee reimbursements – Payroll takes into account any employee expenses that are eligible for reimbursement, such as business travel costs or work-related expenses.

Legal compliance and maintaining accurate records are essential when it comes to payroll, which is why outsourcing your payroll could be an ideal solution.

Why do businesses choose to outsource payroll?

There are good reasons why so many SMEs opt for the payroll service of accountants or other professional providers.

Reliable payroll services are crucial for employee satisfaction, adhering to tax regulations, and smooth business operations. While internal payroll may be appropriate for very small firms, it can be prohibitively expensive and time-consuming as their employee numbers grow.

Also, it’s very hard to stay on top of the complexities of PAYE legislation, e.g. contractors may have different payment structures and legal obligations compared to regular employees, including the CIS scheme and IR35.

Mistakes can result in hefty fines from HMRC – another reason why payroll services are an attractive solution.

Benefits of outsourced payroll services

UK payroll outsourcing has gained popularity over the years, with good reason! Check out our top 4 reasons why many companies consider it the perfect solution:

  1. Efficiency – A professional will ensure efficient payroll processing, meaning you never miss a deadline, and your staff keep smiling.
  2. Cost saving – A full-time, in-house payroll team is expensive! Accountants’ fees are likely far more cost-efficient.
  3. Compliance – Meeting HMRC’s ever-changing payroll requirements and auto-enrolment rules is no mean feat. Outsourcing to a professional can help you avoid mistakes and costly fines.
  4. Time-saving – Running payroll in-house takes many precious man-hours. Outsourcing can save time and energy for other important tasks and projects.

Our fully managed payroll outsourcing services

Our fully managed payroll service includes:

  • Payroll submission via RTI
  • National Insurance, income tax and pension deductions
  • Statutory/Non-statutory leave calculations
  • Pensions auto-enrolment
  • Employee Payslips
  • HMRC reports/Year end docs (P45, P60 and P11d)
  • CIS Submissions
  • CIS Payslips
  • Cloud-based online payroll

Payroll for SMEs

It can be a real headache keeping up with PAYE legislation, not to mention the admin burden. Does it really make sense to recruit or train a staff member to process payroll for a handful of staff? Very rarely is this the most cost-efficient solution.

Jameco can help you to navigate PAYE and simplify the payroll process for you with our comprehensive payroll service. Allow us to manage the complex and time-consuming tasks involved in payroll processing, so you can focus on growing your business with complete peace of mind.

CIS payroll service

Are you currently operating under the CIS scheme? You’re no doubt pulling your hair out, trying to decipher the jargon and pay your subcontractors correctly. Or maybe you are a subcontractor wondering how the 20% CIS deduction gets claimed back. Fortunately, Jameco is well-versed in all things CIS and is here to save your hair and your sanity!

We provide payroll services to many businesses in the construction sector, to both contractors and subcontractors. Whether it’s submitting your monthly CIS returns to HMRC, emailing remittance slips, or reporting your CIS deductions via your monthly EPS, Jameco has got your back.

Why choose Jameco Group to manage your payroll services?

Outsourcing payroll can save you a whole lot of time, money and hassle. Here are just some of the reasons that you should consider Jameco’s fully managed payroll services.

Expertise and efficiency

Our payroll clients benefit from the experience of payroll professionals who are bang up-to-date with the latest tax regulations. They can rest assured that their submissions are processed accurately, on time, and in compliance with all relevant laws.

Customised Solutions

We understand that your business is unique, so we offer a customised service to meet your specific needs. Our team will work with you to assess your requirements and develop a payroll solution that fits your business perfectly.

Technology

We use the latest cloud payroll software and technology to ensure that your payroll is processed efficiently and accurately. Your data is always secure and accessible when you need it.

Value for money

We offer competitively priced payroll services, with solutions designed to help you save time and reduce payroll costs.

Personal Service

At Jameco Group, we enjoy building strong relationships with our clients. You will be assigned a dedicated payroll expert to provide you with personalised service and be there to answer your questions.

Get in touch with Jameco today

Please get in touch to find out more about our outsourced payroll services. We are a trusted, experienced, and technology-driven payroll service provider that offers customised solutions at a competitive price. With our commitment to accuracy, efficiency, and client satisfaction, we are confident that our fully managed payroll services can help your business to succeed.

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