As a business grows and changes, the benefits of a dependable, externally managed payroll function can become more significant. Here we look at the advantages offered by having the Torgersens' team manage your payroll.
If you manage your payroll internally
- Using our payroll service can reduce the costs associated with payroll processing. It can also limit the risks associated with payroll compliance.
- Administrative staff are always busy! Outsourcing your payroll can free up their time for other tasks and avoid the need for the training that’s required to keep up to date with changing legislation.
- Our payroll team can take on the range of responsibilities associated with managing staff payments, including; Statutory Sick Pay, pensions, National Insurance and PAYE.
- Dealing with pension companies and HMRC can be time consuming and frustrating. We can handle their queries and make enquiries on your behalf.
- There will be no need to maintain or upgrade a payroll system.
If your payroll is already managed externally
By using Torgersens, you’ll have confidence in a team that has over 25 years’ experience in managing payroll functions for companies across the region.
Colleagues in our three offices work with clients across a range of sectors and business sizes.
Our payroll services include:
- Employee payslips – either electronic or paper
- Weekly and monthly payrolls
- Departmental reports
- Dealing with starters and leavers
- Provision of analysis of staff costs
- Real Time Information (RTI) PAYE returns for HMRC
- Assistance with automated payments
- CIS returns
- Year-end employee summary P60s and P11D benefits and expenses returns
- Assistance with Work Place Pensions processing
- Related tax planning advice
We also offer specialist advice on all employment tax issues, including:
- Tax efficient remuneration strategies
- Planning for retirement
- Termination payments
- Inducement payments
- Company car and van strategies
- Benefits planning
The next step
If you would like to discuss the services we can provide for your business in more detail, please call Alison Henshaw or Paul McMahon on 0191 567 8611 or email alison.henshaw@torgersens.com or paul.mcmahon@torgersens.com.