Payroll Services
|
The employment of personnel in a business can be far more complicated than may be generally perceived. It can involve rates of pay, benefits in kind, employment law, PAYE operation and many other facets which can effect the employer - employee relationship. Getting it wrong can be very costly !. Emolument packages. It is important to organise the right package for an employee so that the employee and the employer gain from it. Therefore forward planning is essential to minimise the cost to the employer and maximise the net benefits for the employee. Rates of pay are generally constrained by market forces and the national minimum wage rates set by government. Benefits in kind can be quite complex. They range from the company vehicle to employee loans to meal vouchers. A lot of employers would be quite surprised to discover what are considered to be benefits in kind. Employment law is a complicated area involving sickness benefits, holiday pay, the working time directive, to name but a few.
Getting it wrong. Getting it wrong can be very costly to a business. It could mean losing staff and the costly process of replacing and retraining them. It could mean hefty financial penalties levied on them for failure to tax their emolument packages correctly. It could mean financial penalties for breaches of health and safety regulations. In the worst scenarios it could even mean criminal prosecutions of employers.
We can Help. We can provide a payroll bureaux service to our clients relieving them of dealing with the day to day operation of the payroll including managing and recording benefits in kind. We can assist in the planning of effective remuneration packages. With our extensive knowledge of employment law we can guide the employer and the employee through the maze of legislation that surrounds them. We also have access to national experts in this field. Their advice is provided free of charge to all of our clients.
|
|
|


