Payroll and pensions

It pays to keep processes in-house

Do staff come to you with questions about tax codes and net pay that you feel you can’t answer? Do you find yourself frequently calling your accountant for help with payroll and pensions queries? Tapping into appropriate expertise to manage your payroll and pensions in-house makes life so much simpler – and more cost-effective too.

If your payroll and pensions processes aren’t handled efficiently, it can quickly affect team morale and your business reputation, as well as productivity. People expect to have their wages paid correctly, and with the right amount of tax deducted, and to be able to easily understand why they’re being paid what they are. And when they have questions, they want to be confident it’s all okay. The same applies to HMRC, of course.

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Day to day financial management quicklinks

When it comes to pension auto-enrolment, it’s easy to get into trouble and miss a deadline, or for a member of staff to not be managed properly – which could lead to costly fines for the company.

Any uncertainty or distrust around how you handle payroll and pensions can have a disastrous effect. Yet it’s so easy for mistakes to be made, because it’s complicated. So it pays to keep on top of everything with people who know what they’re doing, and who are also on hand to answer everyone’s questions.

5 fundamental benefits of properly managed payroll and pensions processes

Gain peace of mind that everything is up to date and managed in an effective way.

Ensure that people have the right amount of tax deducted and make the right pension contributions, so they don’t get any nasty surprises down the line.

Reduce the fees you’re paying your accountant for tasks that could be managed in-house.

Enable staff to gain quick and clear answers to any payroll or pension questions they have.

Make sure that HMRC always receive the right payments at the right time.

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“I couldn't ask for more, YRH come with innovative solutions, simplify complex processes and are not afraid to come forward with suggestions – they have cleaned up payroll and pensions, have a handle on VAT and our cashflow is improving!”

CEO, Technology provider

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