Covid-19 (Coronavirus) Update

Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.

Payroll and CIS services in Andover

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The Financial Management Centre in Andover provides a professional Payroll and CIS payroll service to businesses of all different sizes. This wholly outsourced payroll solution makes sure your staff are paid precisely on time one-hundred percent of the time. Payroll is time consuming and getting it wrong may damage your working relationship with your employees. In extreme cases payroll errors may lead to tribunal claims against you. Our payroll service is fully tailored to meet the specific needs of your business, whether you employ one or three-hundred employees.

 

THE DANGERS OF MAKING PAYROLL ERRORS

Completing the payroll function in-house is time consuming and burdensome. Complex and ever changing legislation could result in costly errors. Making PAYE or NI contribution errors could trigger a HMRC tax investigation and subsequent financial penalties.

 

Choose The Financial Management Centre’s outsourced payroll solution instead. Our service is likely to be more accurate and scalable that your current set-up. We take the payroll burden away. This allows you and your team to concentrate on core business activities instead. All you must provide is gross pay details for each employee. Our expert team of payroll professions keep well up-to-date on HMRC guides, rules and rates so you do not have to.

 

WHAT THIS SERVICE INCLUDES

Our payroll service includes the below list of features and benefits:

  • Payslips – e-slips and security slips. All payslips are customised according to your company’s banding
  • Telephone support should you need our immediate assistance
  • Calculation of PAYE and NI contributions for each employee
  • Real Time Information (RTI) submissions to HMRC
  • Student loan payments on behalf of employees
  • P60, P14 and P35 submissions to HMRC
  • Adding and purging employees from payroll

 

ABOUT OUR CIS PAYROLL SERVICE IN ANDOVER

The Financial Management Centre’s CIS payroll service is intended for contractors and/or subcontractors. CIS stands for Construction Industry Scheme. Contractors in Andover are legally obliged to subtract NI and PAYE tax from their subcontractors’ wages. This obligation may be onerous for contractors with little payroll experience. Andover’s The Financial Management Centre is able to offer your business a reliable and accurate CIS payroll service ensuring your subcontractors are paid accurately and on time each week or month. We comply with HMRC’s complex rules on your behalf, including the initial CIS registration process. We also provide payslips and carry out all associated administrative duties such as issuing your Unique Tax Reference Number.

 

WHAT OUR CIS PAYROLL SERVICE COVERS

Our CIS service includes the below list of activities:

  • We will register contractors for the CIS scheme with HMRC
  • Verify your subcontractors with HMRC
  • We can produce statements of payments & deductions and on a monthly / quarterly basis
  • Complete your monthly return and submit to HMRC
  • Offer general advice concerning all aspects of CIS

CALL TODAY FREE ON 01264 726033

Call the team here at The Financial Management Centre on 01264 726033 for more information on our payroll or CIS payroll services. As well as in Andover, The Financial Management Centre has established branches all across the United Kingdom. Click here to learn the location of your local branch. Alternatively fill out the enquiry form.