IRIS Payroll for Accountants Cloud-Based Software



accounting payroll

We process payroll for thousands of our clients’ employees every month so it’s safe to say we know what we’re doing. The process will be stress-free and accurate so that you can concentrate on growing your business. Using an automated payroll system, or an integrated system with your current accounting software, makes it much easier to work these figures out. Not only will most payroll bookkeeping for startups software auto update tax rates and bands, so there’s less for you to keep track of, it importantly reduces the risk of human error. One of the most important aspects of payroll accounting is making sure you’ve calculated wages, salaries, deductibles and taxes correctly – especially for the year end reports. Payroll accounting can be a lot simpler with HMRC compliant payroll software.

  • We’ve been their customers for 3+ years now and only have positive things to say about…
  • Your granddad telling his favourite story about when he was in the Navy.
  • Just as you can download apps onto your smartphone, you can also add other apps to Xero depending on what functionality you want.
  • We offer accounting and tax administration services through a large number of our offices globally, with a smaller number of specialist teams offering dedicated payroll administration services.
  • There are far more exciting things to do with your time than payroll – and that’s coming from us, and we like payroll.

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Understanding your employees’ tax codes

Payroll accounting responsibilities and tasks are extensive. Even in smaller companies, these tasks involve a great amount of time and effort. In particular, accuracy is very important when creating remuneration statements. If there are errors, HMRC and health insurance agencies will quickly notice, and you could face penalties. Using an external service provider will ensure that your payroll accounting needs are being met to the highest professional standards. For the duration of an employee’s time working at your company, payroll accounting is responsible for reporting, paying taxes and National Insurance contributions on behalf of the employee.

  • Without payroll software, you run the risk of relying on Excel spreadsheet formulas, calculations and manual data entry to get you by.
  • Send automatic notifications to remind your customers about missing and late payments.
  • Enable your customers to make and manage payments 24 hours a day, 365 days a year.
  • Whilst employers may already have pension schemes in place, we offer a simplified solution for auto-enrolment where we can set-up the pension scheme on behalf of employers.

Modulr has a set of APIs that we can integrate with incredibly quickly and easily to send payments to any bank account in the UK, in a matter of seconds. Access all your important documentation in one place and make sure your employees get paid on time with our payroll team working for your business. There are far more exciting things to do with your time than payroll – and that’s coming from us, and we like payroll. The thing is, we’re really good at it, and feel honoured to help hundreds of businesses just like yours with their payroll services each week. “Sorry Lois, I can’t save the burning school because I’m just sorting out my National Insurance contributions”. Superman will have outsourced his payroll services (we’re not saying it’s us, but we’re not saying it’s not).

Accounting and payroll software for your UK business, charity or church

This is due to the notification obligations previously mentioned to HMRC. There are some exceptions, for example, if a worker is a freelancer or contractor or they work in certain sectors such as the police force or share fishing. Regardless of how the employment relationship has ended (termination, end of contract, etc.), there are certain obligations still in place for the payroll accounting department. They are obliged to notify the HMRC that the employee is no longer working there.

When you choose us, our qualified staff will keep you up to date and advise on all legislative matters so you can run a more efficient payroll. © Accotax 2021.ACCOTAX –  Chartered Accountants in London is one firm you’ll love to have a long-term relationship with. You’ll keep coming back for more because of our high-end accounting & tax solutions.

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We can also run your payroll using your existing accounting software like Xero, QuickBooks or Freeagent, or outside the accounting system. We can also provide you with the relevant information to journal in. We will set up and run your pay run for you on agreed timelines and provide email or physical payslips directly to your staff. National Insurance, PAYE, Bonuses, Pensions etc. and ensure calculations are done accurately and on time every time.

accounting payroll

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