Family Businesses
Many family businesses across Shropshire choose us as their Chartered Accountant as we understand the unique challenges these businesses face.
View ServicePayroll & Real Time Information (RTI)
Since the introduction of Real-Time Information (RTI), administering payroll has been more challenging and complex. Real-Time Information (RTI) instructs employers to notify HM Revenue and Customs each time they make a payment to an employee. As the title implies ‘Real Time Information (RTI)’, this has to be done at the time, which puts urgent pressure on the company to comply with legislation.
All employers are liable for monthly fines starting from £100 if there is evidence of non-compliance. The fines increase depending on the number employees in the organisation.
Since its introduction, Real-Time Information responsibilities, and the subsequent penalties, have shown that it’s no longer possible for a member of staff to “do the payroll” alongside other duties and without the correct software.
HTB Accountants offer professional and expert Payroll Services in Telford & Shrewsbury, working with a wide range of businesses. We’ll relieve you of this burden, allowing you to focus on other areas of your business, and ensuring your payroll is completed in a timely manner.
Our Payroll & Real Time Information (RTI) service includes:
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay etc.
- Completion of statutory forms, including year-end returns, to issue to your employees and submit to HMRC
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments
- Administration of pension schemes.
Get in touch with our team today to learn more about our Payroll Services in Telford and Shrewsbury.