How we can help
Payroll Accountants
What can you expect?
Payroll is one of those essential yet routine and, let’s face it, a bit humdrum business functions and where the expertise of payroll accountants truly shines. While there are no tax savings for businesses and it falls under the heading of compliance, it is a core part of any business and with offices in both Eastbourne in Sussex and Sittingbourne in Kent, we are ideally situated to help manage your payroll.
Payroll can be weekly, fortnightly, every four week or monthly. Time after time we have seen accountants charge clients for weekly payroll where it is just not necessary. Why pay for 52 payrolls if you can get away with just 12 payrolls in a year?
We understand some companies may need weekly or fortnightly payrolls, but we ensure all clients are aware of the options and make informed decisions.
Diamond are happy to take over all of your payroll needs no matter how large or small they may be, so you can get back to business.
We’re also an official payroll bureau
We’re proud to announce that we are officially recognised as a payroll bureau.
A payroll bureau is an accounting service provider that specialises in supplying outsourcing payroll services to other firms.
We can supply HMRC with information on your behalf, and receive and act upon information from HMRC. We’re your payroll experts, so you don’t have to worry about the expenses of your own in-house payroll specialist.
You’ll have a clear audit trail, have all of your payroll dealt with in a timely and accurate manner, and all of the confidentiality and professionalism that you’d expect.
What our payroll services looks like
Here’s what we can do for you:
- The production of the payslips
- Expense claims by employees
- Submissions to HMRC for real-time information
- Holiday calendars
- Auto enrolment pensions submissions
- Pension setups and submissions
- And we tell you how much to pay and when
Don’t be fooled into thinking you need a payroll frequency that does not meet your business’s needs.
Let’s rethink payroll that is being done internally. It’s not as expensive as you may think.
Get in touch with one of our expert payroll accountants and let’s make a start on your Diamond journey!
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My previous accountant let me down many times. Diamond Accounts have been very proactive in helping me. They seem to understand my business and there bookkeeping software is amazing.
BENEFITS OF PAYROLL SERVICES
Outsourcing payroll services can bring a multitude of benefits to organisations. Here are some key advantages:
- Increased Efficiency: Payroll services streamline payroll processes, significantly reducing the time and effort required to manage employee compensation and benefits.
- Improved Accuracy: By leveraging professional payroll services, organisations can minimise errors, ensuring employees are paid correctly and on time.
- Compliance with Regulations: Payroll service providers help organisations stay compliant with relevant laws and regulations, reducing the risk of fines and penalties.
- Cost Savings: Outsourcing payroll services can lead to substantial cost savings, as organisations no longer need to invest in payroll software, training, and personnel.
- Peace of Mind: With professional payroll services, organisations can enjoy peace of mind, knowing their payroll is managed efficiently and effectively.
COMPLIANCE AND REGULATIONS
Navigating the complex landscape of payroll compliance and regulations is important for any organisation. Here are some key areas where payroll services ensure compliance:
- Auto Enrolment: Organisations must comply with auto enrolment regulations, which mandate providing a pension scheme for eligible employees.
- Statutory Sick Pay: Compliance with statutory sick pay regulations is essential, requiring organisations to pay employees who are absent from work due to illness.
- National Insurance Contributions: Organisations must adhere to national insurance contributions regulations, ensuring proper deductions from employee salaries.
- Tax Laws: Compliance with tax laws is non-negotiable, requiring organisations to deduct income tax and other taxes from employee salaries accurately.
TECHNOLOGY AND INTEGRATION
Modern payroll services are seamlessly integrated with various technologies to enhance efficiency and accuracy. Here’s how:
- Payroll Software: Advanced payroll software helps organisations manage their payroll processes more efficiently and effectively.
- Accounting Software: Integration with accounting software provides a comprehensive view of financial performance by aligning payroll data with financial data.
- HR Systems: HR systems integration allows for streamlined management of employee data, ensuring it aligns perfectly with payroll data.
Payroll services are an indispensable part of any organisation’s operations. By outsourcing payroll services, organisations can reap benefits such as increased efficiency, improved accuracy, compliance with regulations, cost savings, and peace of mind. When selecting a payroll service provider, it’s essential to choose one that offers a comprehensive range of services, including payroll management, auto enrolment, statutory sick pay, and national insurance contributions. Additionally, the provider should utilise the latest technology and offer seamless integration with existing systems. By making the right choice, organisations can ensure their payroll is managed efficiently and effectively, allowing them to focus on their core business activities.
Transform your business.
Start working bravely. Don’t let your fear of finances hold you back.
Switching accountants
is simple
01
Tell us that you want to join
02
We talk to your accountants
03
We get crunching the numbers
04
You can start chasing your dreams
Transform your business.
Start working bravely. Don't let your fear of finances hold you back.