Payroll administration can be an onerous and time-consuming task for today’s busy business owner. In the UK, payroll tax works through the Pay-As-You-Earn (PAYE) system. In simplest terms, if you’re an employer, it’s your job to work out how much tax your employees owe, subtract it from their pay packet and send it to Her Majesty’s Revenue and Customs (HMRC). You do this every time you pay your employees – for the vast majority of businesses, that’s monthly – and the process is the same for salaried workers as for those paid by the hour.

Being an SME leader can be lonely and stressful. The last thing you want to have to worry about is learning an entire other industry’s worth of complex compliance that changes and develops every year. Staying up to date with payroll compliance can require heavy investment and resource, sophisticated IT infrastructures and can be the biggest lever for employee happiness.

As always, it’s crucial you keep your accounts up to date. In addition to making sure your workers are getting paid the correct amount, you also need to send your most recent pay deductions to HMRC by the 19th of every month if you pay by post and by the 22nd if you pay electronically.

Payroll can be a real challenge for every size of business, from independent contractor’s right up to medium and large-sized businesses. Just because you only have a few employees doesn’t mean that you’ll find payroll simple.

Staying up to date with ever-changing payroll legislation can be a real challenge, but you don’t have to deal with it all yourself. When you choose to outsource your payroll to Akram & Co., you can rest assured that your fully managed payroll service is in safe hands.

With many years of experience, we pride ourselves on the personal service provided by our skillful team. Irrespective of the size of your business, when you choose Akram & Co.’s Payroll Services you know you’ll be working with someone who understands your business and speaks your language.

Our services have been carefully designed to give you access to expertise, systems and knowledge in a way that can be tailored to meet your exact needs. Whether you are looking for a simple outsourcing solution or a partner to handle every aspect of your payroll administration, you will find our services to be friendly, efficient, and cost-effective.

We directly assist established businesses and new businesses alike, working with a variety of personnel responsible for payroll including owners, directors, HR, and Finance teams. We also regularly work with global payroll companies (as the UK outsource), accountancy firms and bookkeepers working on behalf of their clients. Our bespoke approach means we can offer solutions that complement your business practices, such as reports split by location or cost centre, or formats that work with your HR and accounts systems.

We can help to reduce the burden with our comprehensive payroll service, which includes

• Preparation of monthly payslips
• Administration of PAYE, national insurance and statutory pay.
• Completion of monthly statutory forms to submit to HM Revenue & Customs under the new Real Time Information regime
• CIS returns
• Registration and Administration of pension schemes to comply with auto enrolment