Payroll services & workplace pensions
At Alexander Accountancy we provide full payroll services, collecting information from the employer. We then process this using payroll software that is fully compliant for all payroll requirements, before delivering reports to the employer and electronic wage slips to the employees.
Who can benefit?
The production of a payroll and offering workplace pensions to all qualifying staff is a legal requirement for all businesses that have employees.
Key benefits:
Our support means clients can delegate a complex task that is strictly legislated with ever changing rules. These can also spread across several areas including student loans or court orders, which are not always apparent in the first instance.
Main outcomes:
Payroll reports and wage slips are delivered in a timely manner to allow wages to be paid and information to be submitted as required. Pay periods can be weekly, four weekly or by calendar month. Our support allows compliance with highly complex legislation that includes the compulsory offering of workplace pensions to all qualifying employees.
Compliance:
Employment and payrolls are a heavily legislated area. An in depth and up to date knowledge of the rules and regulations is essential to avoid the many potential pitfalls that can be encountered.
Alexander Accountancy’s process:
Typically, employers will provide the base information relating to wages and salaries, including any variations from period to period. This will be processed and the periodic payroll completed. These outcomes are then communicated to the employer in the form of reports and to the employees as wage slips or other forms as required.
Our expertise:
As well as having a dedicated payroll manager, Alexander Accountancy has several staff with in-depth knowledge that have operated payroll systems either as part of their training or in previous rolls they have held.
How we overcome popular misconceptions:
Offering workplace pensions is a legal requirement attaching to all employers. Alexander Accountancy offers a compliance-only solution and can only follow the instructions given. We cannot offer guidance or advice, especially regarding the investment elements. However, we can refer this to our independent financial advice arm and know they can usually identify savings and benefits for the employers and employees alike. We believe we provide a high quality service where everyone has the chance to benefit.
Testimonial
“Alexander Accountancy give us access to financial expertise which has transformed how we operate.”