Services Spotlight: Payroll at Black & White Accounting

At Black & White Accounting, we understand that payroll is more than just a monthly task—it’s a crucial aspect of your business operations. A well-managed payroll system ensures your employees are paid accurately and on time while also keeping you compliant with tax regulations. As a fast-growing and dynamic accountancy firm, we’re proud to offer comprehensive payroll services that cater to businesses of all sizes and industries.

From straightforward payroll processing to handling benefits-in-kind, Construction Industry Scheme (CIS), Pension and other related services, we have you covered. Let’s take a closer look at how we can support your payroll needs and make your life easier.

Payroll Services You Can Rely On

We provide end-to-end payroll services tailored to your specific business needs, including:

• Payroll Processing: We handle all aspects of payroll, ensuring accurate calculations, timely payments, and compliance with UK tax laws.
• Benefits-in-Kind: Our team takes care of any taxable benefits you provide to employees, ensuring that all calculations are correct and reported to HMRC as required.
• CIS Submissions: For businesses in the construction industry, we specialise in handling CIS submissions, ensuring that contractors and subcontractors comply with all tax and reporting requirements.
• Auto-Enrolment Pensions: We can assist you with setting up and managing pension contributions, ensuring your business meets auto-enrolment obligations.
• RTI (Real Time Information): We handle RTI submissions to HMRC, keeping your records up to date and avoiding penalties.
• PAYE and National Insurance: We ensure that PAYE (Pay As You Earn) tax and National Insurance contributions (NICs) are correctly deducted and submitted to HMRC.
• Holiday and Sick Pay: We make sure your employees receive accurate holiday pay and sick pay in line with their entitlements.

No matter what stage your business is at, we can offer a payroll solution that scales with you, freeing up your time to focus on what you do best—running your business.

Case Studies: How We Helped Our Clients with Payroll Services

Here are three real-world examples of how Black & White Accounting has transformed our clients’ payroll processes and helped them overcome challenges:

Case Study 1: Streamlining Payroll for a Growing Tech Startup

A fast-growing technology startup had outgrown its manual payroll system and was struggling to keep up with the increasing complexity of employee benefits, share-schemes bonuses, and tax obligations. Our team stepped in to streamline their payroll process using cutting-edge software, which allowed for faster and more accurate payroll calculations.

We also helped them manage benefits-in-kind and ensured that all taxable benefits were reported to HMRC. As a result, the client was able to reduce payroll errors, improve employee satisfaction with timely payments, and stay compliant with tax regulations, all while focusing on scaling their business.

Case Study 2: Navigating CIS Payroll for a Construction Firm

A construction company was facing difficulties managing its CIS submissions, especially with varying tax rates for different subcontractors. We provided them with a tailored solution that simplified the CIS process, allowing them to ensure that deductions were correctly made and submitted to HMRC.

By automating CIS submissions and providing guidance on tax compliance, we helped the company avoid penalties and reduce administrative time spent on payroll. The result? A more efficient and compliant payroll process that saved time and money.

Case Study 3: Auto-Enrolment and Pensions Compliance for a Hospitality Business

A hospitality business with a large number of part-time employees was struggling to manage auto-enrolment pension contributions for its workforce. Our team assessed their situation and implemented a pension scheme that met all legal requirements. We also helped the business comply with auto-enrolment legislation by ensuring that employee contributions were correctly calculated and submitted.

Thanks to our proactive approach, the business remained compliant with pension regulations, avoided any penalties, and improved employee morale with a transparent and efficient system.

Why Choose Black & White Accounting for Payroll Services?

• Tailored Solutions: We understand that each business is unique, and we provide payroll solutions that are tailored to your specific needs.
• Expertise and Compliance: With our knowledge of payroll-related tax laws, including benefits-in-kind, CIS, and auto-enrolment, you can trust that your payroll will always be compliant with the latest regulations.
• Time-Saving: Outsourcing payroll to us means less time spent on administrative tasks and more time focusing on growing your business.
• Software Integration: We use the latest payroll software that integrates seamlessly with your accounting systems, providing you with accurate and up-to-date information at your fingertips.
• Friendly Support: We pride ourselves on offering excellent customer service and are always here to answer any questions you have about your payroll.

Let Us Take the Stress Out of Payroll

Whether you’re a small business just starting out or a larger enterprise with complex payroll needs, we’re here to help. At Black & White Accounting, we’re dedicated to providing high-quality payroll services that simplify your life, ensure compliance, and keep your business running smoothly.

Fill out our payroll form today, to receive a quote that fits your exact needs today to learn more about how our payroll services can benefit your business!