The computation of payroll can be quite expensive and rely on various laws and regulations. It is therefore vital that your executive payroll process is accurate and reliable. This, in turn, will reassure your employees that salaries are true to the employment contract.
We understand that trust is the name of the game. Our dedicated executive payroll professionals focus on the provision of a confidential and fully managed payroll service. Our mission is to deliver a steady and timely service from a regular team. We aim to meet your needs with the highest level of professionalism.
Collect and input data and periodic changes;
Handle joiners, leavers or any changes to employees, remuneration, hours, benefits etc.;
Manage the payroll and calculate employees’ salaries;
Provide employees with computed printed payslips or send monthly payslips electronically encrypted by a password;
Arrange the net salary payments to each employee’s bank account;
Submit the monthly statutory reports and manage the settlements of any resultant dues;
Submit directors’ tax returns, individuals’ provisional tax and national insurance; and
Prepare year-end payroll reporting procedures.
Our team can help you to define your human resources targets and assist you in achieving them. Our services encompass:
Compiling the necessary employment forms for recruits and terminated employees;
Preparing employment licence applications;
Maintaining personal files;
Handling all communication with competent authorities;
Resolving questions as they arise;
Reporting issues by exception;
Recording vacation leave and any other absence such as maternity, sick etc.;
Keeping you updated with the latest employment legislation and related tax updates;
Assisting with the net of tax payroll calculations;
Advising on fringe benefit considerations and calculations of the relevant tax impact;
Assisting employees with children allowance applications; and
Guiding you to choose the best pension solution.
We aim to assist in developing a clear approach that is aligned with business needs.
We can provide insight to businesses on the required changes and guidance to help comply with the GDPR.
Nexia BT can help you access EU funds to help you accomplish whatever is on your mind.