Payroll Services for Small Businesses
Payroll management is often one of the most overlooked yet vital aspects of running a business. Failing to stay on top of pay schedules, tax compliance, and employee deductions can lead to significant issues. At IMACC & CO, we focus on making payroll management straightforward and stress-free. Our team not only ensures your employees are paid accurately and on time but also takes the complexity out of tax filings and reporting. By partnering with us, you can focus on growing your business without the worry of payroll issues disrupting your operations.
What Do Our Payroll Services Cover?
Our team is responsible for employee pay slips and monthly summaries. Additionally, we review these alongside departmental reports to ensure all payments are accurate. Besides, we make proper documentation. Our efficient system minimises errors and keeps financial records up to date.
We manage real-time information (RTI) submissions easily by synchronising them with payroll deadlines. All payroll information is submitted to HMRC on time and accurately. Ensuring that your company complies with tax laws. It allows you to avoid penalties and maintain good standing with the authorities.
We configure and manage automated systems for paying out salaries to make the process more efficient. Automated systems decrease the chances of procrastination. It increases productivity and ensures that employees are paid on time every month.
It can be challenging to deal with the onboarding and off-boarding of employees. Completely managed automation of payroll processes including maternity leave, sick leave, and loan repayments, ensuring smooth transitions for employees joining or exiting the organisation.
Our specialists assist employees and pensioners with retirement strategy and taxation. We make sure that your staff receives proper financial planning services for their security. Ensuring that you have peace of mind.
We also take care of P60s and other tax-related documents. It covers company car benefits, expenses, and additional payments. Our service ensures that everything is accurate and filed on time.
Why Choose Our Payroll Services?
Contact us today to find out how we can help you have a worry-free experience with outsourcing your payroll services.
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FAQS
A property company pays lower corporation tax, allows deductible expenses, and offers better inheritance tax planning for landlords compared to personal property ownership.
Salaries have income tax and NICs, while dividends are taxed at lower rates without NICs. A mix of both helps maximise tax efficiency.
Claim all allowable expenses, use VAT schemes, invest in pensions, claim R&D tax credits, and structure income tax-efficiently with salaries, dividends, and allowances.
A company pays lower corporation tax, allows deductible expenses, enables income splitting, and provides tax-efficient reinvestment options for business owners.
Make early gifts, use trusts, claim exemptions, donate to charity, and invest in IHT-efficient assets like AIM shares or business relief schemes.