Our bespoke outsourced payroll services cater to the needs of established small businesses and startups in London and across the UK. We take the headache out of doing your payroll, ensuring your business operations run smoothly and efficiently whether you’re on a monthly or weekly basis.
The specialist accountants handling your payroll will do so in full compliance with all HRMC regulations. Plus, we are certified Xero accountants – perfect when you want online payroll solutions which allow you to monitor everything on-the-go.
You might be a growing business or already have reached a size where you have too many staff to handle payroll conveniently in-house. As well as payroll, you’re likely to have other responsibilities as an employer – registering as an employer with HMRC, ongoing enrolment, and pension schemes, for example.
All of this takes time and draws your attention away from the many other responsibilities you have running your business. That’s where Tax Navigator’s payroll outsourcing services come in. We make sure that you:
Some payroll management software for small businesses can be expensive. Some take special training to operate. These are all time and training costs that detract from the main operations of your business. Companies of all sizes around the world choose to outsource their payroll because it streamlines their operation, saving them time and money overall.
There are also significant risks and responsibilities that come along with being an employer. This involves a great deal of red tape and necessary box-ticking to ensure that you are fully compliant with all of the various legal requirements.
That’s another reason why outsourcing your payroll makes sense. With experts on the case, you can concentrate on actually running your business, knowing that this vital but secondary process is being handled safely for you.
We can take care of all aspects of your employees’ income and tax deduction admin operations. You won’t need to worry about your PAYE compliance being hindered by something as small as an incorrectly produced payslip ever again.
We’re already the payroll service provider for all kinds of UK-based small businesses. So we’ll know exactly what your particular kind of company needs.
Get the helpful expertise you need to handle all payroll and related concerns you might have as a business owner. Whether it’s national insurance payments for self-employed contractors or for your own company as a self-employed individual – or understanding and handling any other part of the sometimes confusing tax codes and the way paying people who work with you or for you is supposed to happen – we make sure your business is set up in the most sensible way.
The UK’s PAYE – Pay As You Earn tax – system requires you, as an employer, to calculate Income Tax and National Insurance contributions before you pay your team’s wages, pension contributions, and others. To someone without the right training and experience, this is all a serious time-sink that gets in the way of other important business processes. Having outsourced expertise available to understand the sometimes fairly oblique wording of the rules of HMRC and other relevant government and official bodies on your behalf is always helpful.
You may be a natural at understanding the ever-changing rules of the UK PAYE and NIC system. But the slightest misjudgment when hiring an individual can result in financial losses for any business. HMRC will issue an employer with a hefty penalty if they have failed to deduct the appropriate amount of tax and NIC from a worker’s remuneration due to their self-employment status claims, for example.
Another pitfall for you as a limited company owner could be when you also work under the PAYE scheme as director of the business. You’ll need to meet your tax and NIC liabilities and take deductions from your personal salary. That’s excluding any other additional income, of course. If that’s taxable, it will need to be disclosed via your self-assessment return.
Having an accurate PAYE system setup is a must.
Most people imagine that payroll outsourcing solutions are expensive. But because Tax Navigator provides a flexible service that scales as your business does, you never pay more than you need to for your payroll.
For most business owners, it comes down to a pretty simple calculation. What is going to be the most time and cost-effective solution?
Is it dedicating either your own valuable time or that of one of your employees to the task? Someone who might not have relevant training and experience? Someone who isn’t familiar with all of the relevant regulations? Someone who, with the best will in the world, might make an error because this isn’t actually their real job?
Or is it better to use a professional? Someone who can complete the job quickly and correctly. Someone who knows how every aspect of the system works. Someone who knows and understands the legislation. And knows how to guarantee error-free accuracy.
For most business owners, it’s not so much a question of considering payroll outsourcing costs. It’s a question of the potential wasted time and money of trying to do it in-house. Combine this with the scalability of our service and you get a flexible option that can grow as your business does to manage the payroll of more employees. Or be dialled back as the situation demands.
Outsourcing this service also makes your budget easy to manage. When you handle payroll in-house, that’s an unknown number of working hours that go into completing the process inefficiently and possibly incorrectly. Outsourcing gives you a clear fixed cost for your payroll that you can measure and plan for.
Talk to us today about payroll services for small business needs
Get in touch for a commitment-free discussion about using Tax Navigator’s payroll services in London. We’re always happy to set up a chat about how using us works and what we can do to tailor our service to suit your business’s needs.
Because with so many different clients in so many different industries, we understand that every company is unique. That’s why our payroll services for small business needs are so flexible.
Talk with one of our friendly and helpful team about how easy it is to switch to using Tax Navigator. Whether you already outsource your payroll and are considering switching. Or you are still handling all of your payroll processes in-house and need a more efficient solution.
Tax Navigator’s team of accountants help you handle any aspect of your payroll. We can also provide you with easy-to-apply web-based payroll solutions, courtesy of Xero.