Payroll Services
GMS Accountants provides reliable payroll services for businesses in Cambridge and Nottingham. Whether you have a single director, one employee or a growing team, we can make sure everyone is paid accurately and your payroll information is submitted to HMRC on time.
Why Payroll Matters
Payroll involves much more than producing payslips. Employers must calculate wages, Income Tax, National Insurance, pension contributions and statutory payments correctly. Payroll information must normally be reported to HMRC on or before the date employees are paid.
Mistakes can result in incorrect wages, unhappy employees and time-consuming corrections with HMRC. Outsourcing the work gives you reassurance that deadlines are being managed while freeing you to concentrate on your business. You can learn more in our guide to understanding payroll.
" Graham helped us enormously in our first year of trading as a limited company. He was responsive with advice, and flexible when we needed to talk to ask questions, and this helped us to have confidence that we're doing the right things to manage the financial side of our business. "
Oliver, Director, Cambridge Technical Marketing
What Our Payroll Service Includes
Our payroll service can be tailored to the size and needs of your business and may include:
- Salary calculations – including overtime, bonuses, deductions and statutory payments.
- PAYE and National Insurance – calculating the amounts due from employees and the employer.
- Payslips – providing clear payslips for each employee every pay period.
- Real Time Information submissions – filing payroll information with HMRC on or before payday.
- New starters and leavers – processing employee details and producing P45s where required.
- Workplace pensions – helping to assess employees and calculate pension contributions.
- Year-end requirements – completing the payroll year and producing P60s for employees.
- Director payroll – calculating and processing an appropriate salary for company directors.
Some employers may also qualify to reduce their employer’s National Insurance liability. Read our guide to the Employment Allowance for more information.
Benefits of Outsourcing Payroll
Managing payroll internally can take valuable time, particularly when tax rates, employee circumstances or statutory requirements change. Outsourcing your payroll can help you:
- Remain compliant with PAYE and HMRC reporting requirements.
- Reduce mistakes in wages, deductions and employer liabilities.
- Save time by removing repetitive payroll administration.
- Meet deadlines for RTI submissions, payslips and year-end documents.
- Support your employees by ensuring they are paid correctly and on time.
- Plan ahead by knowing how much is due to employees, HMRC and pension providers.
We provide straightforward communication and will explain your payroll figures without unnecessary jargon.
Payroll FAQs
Do I need payroll if I am the only person working in the business?
A sole trader does not employ themselves and therefore does not operate payroll for their own drawings. However, a director receiving a salary from a limited company will normally need to be included on a payroll and reported to HMRC.
Do all employees need to join a workplace pension?
Not necessarily. Employees must be assessed against the auto-enrolment criteria. Eligible employees will normally need to be enrolled, while others may have the right to opt in. We can help calculate contributions and support the payroll side of the process. Read our guide to understanding pensions for more information.
How often can payroll be processed?
Payroll can be processed weekly, fortnightly, every four weeks or monthly. We will agree a timetable that suits your business and ensures the necessary information is received before payday.
Can you help decide how much a company director should be paid?
Yes. We can help company directors consider an appropriate salary alongside dividends and their wider tax position. Our guide to dividends explains how dividend payments differ from salary.
Can you take over an existing payroll?
Yes. We can transfer an existing payroll during the tax year, subject to receiving the necessary records and year-to-date figures from your current provider.
Looking for Payroll Support?
If you need payroll support for your business in Cambridge or Nottingham, please get in touch. We can discuss how often your payroll needs to be processed, the number of employees involved and the information we will need from you.
