Staff Payroll Services and Calculating Deductions
With Solutio’s payroll technology services, there are various different types of pay options available to the business, which you can pick depending on the kind of business you run, or the role that you are looking to recruit for your company. When it comes to paying workers, you will typically need to ensure that you keep an organised record of wages and salaries. However, Solutio’s temporary worker payroll software takes care of all of this for you, as the central payroll solution. A complexity often faced by recruiters is that alongside the wages or salary of workers, you may also need to calculate and record the following:- Parental leave pay
- Maternity Pay
- Adoption pay
- Statutory Sick Pay (SSP)
- Expense claims
- National Insurance contributions
Running Your Payroll with Solutio
As the recruiter running procurement for your client, you will need to run a payroll and as an employer, in order to fulfil HMRC PAYE obligations. If employees are paid less than £116 per week and get benefits, expenses or a pension, you will not need to register for PAYE. However, you will still need to keep payroll records. Whichever way you cover your payment obligations though, there will be a lot of administration.Choosing a Payroll Solution
There are two ways in which you may decide to operate PAYE. You could employ staff within your company to provide the payroll services, which are likely to be expensive, or you can outsource to a payroll provider to do it on your behalf. Solutio makes onboarding easy and efficient through our staffing payroll software and has a range of additionally included features, all designed to help you reach your business goals:- Easy payroll processes
- Easily onboard new business and clients
- Import individual workers or worker groups
- Easy to set up and implement
- Easily and seamlessly check timesheets and payslips
- Financial management and task management features
Paying Payroll Providers
Typically, when deciding to pay a payroll provider, you will need to first take into consideration just how much support you will need for this service beforehand. For example, you may pick a payroll provider who provides more extensive support options than others available. Different providers will offer different service packages based on the features your business needs. This can mean you pay more than you ought to for payroll services; not fully utilising features you may have paid for. Solutio however, is an all in one solution which takes care of all of the needs of your business from daily administration and lead management to payments and tax considerations.Optimise your Payroll
Running your own payroll means a huge degree of responsibility lies upon the shoulders of your business. You will need to do the following beforehand:- Make sure that you have registered as an employer with HM Revenue and Customs (HMRC) prior to setting up payroll and that you have a valid login for PAYE Online
- Ensure you have chosen your payroll software, so that you can record all your staff’s details, as well as calculate pay and any deductions that need to be taken off, and finally report these to HMRC
- Make sure that you collect all these details and keep them on record
- Ensure that you have informed HMRC about all employees you have
- Ensure that pay and deductions for your staff has all been recorded and reported to HMRC on or before the very first payday
- Pay HMRC the income tax and national insurance contributions that are outstanding
Payroll Processes with Solutio
If you have fewer than 10 employees at your company, it is possible to choose free payroll software that is recognised by HMRC. Solutio enables total tax transparency. Our cloud-based payroll software can help you do the following tasks:- Information reporting to HMRC
- Calculating the amount that must be paid to HMRC
- Calculate statutory pay if needed (or maternity and paternity pay)
- Helping to deduce exactly what deductions need to be taken off from your staff’s pay, as well as their monthly pay
- Recording staff details