Payroll & Salary

Our payroll services encompass payslip processing, benefits management, employer tax responsibilities, and adherence to regulations. We provide tailored payroll reporting and analysis for meaningful insights. From salary calculations to mandatory deductions, we manage all aspects, ensuring your business meets constantly changing tax laws and regulations.

Salary Calculations

Payroll services consider hours worked, overtime, bonuses, and allowances for employee
wages.

Tax Deductions

Payroll companies in the UK oversee the deduction of income tax and National Insurance contributions from employee salaries to ensure compliance with tax laws.

Pension Contributions

In the UK, companies must provide a workplace pension scheme due to Automatic Enrolment legislation. Payroll services manage pension contributions and ensure compliance with autoenrolment regulations.

Payslip Generation

Payroll providers issue pay slips with key details about employee wages and deductions.

Real-Time Information (RTI) Reporting

UK employers must disclose employee payments and deductions to HMRC via RTI reporting. Payroll services ensure timely and accurate RTI submissions.

Statutory Sick Pay (SSP) and Statutory Maternity Pay (SMP)

In compliance with UK employment legislation, payroll services manage statutory sick pay and maternity pay.

Year-End Processes

Payroll services assist with year-end tasks, like issuing P60 forms detailing employees’ income and deductions for the tax year.

Compliance with Employment Laws

Payroll companies stay updated on changes in employment law, ensuring payroll processes comply with regulations and avoid legal issues

Handling Leavers and Joiners

Payroll services manage all payroll tasks linked to hiring or firing employees, including tax filing and final compensation calculations.

Employee Self-Service Portals

Facilitate employee self-service portals that enable staff members to access their payslips and other relevant information.

Customised Reporting

Offer customised reporting options for firms to analyse payroll data as needed

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Expert Accounting Solutions Tailored for Your Business Success

Aayan & Co Ltd. offers expert VAT consultancy and accounting services to keep your business compliant and financially strong. Simplify your finances with our customized solutions.

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