Payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. Accurate and timely payroll information is essential for any business.
Payroll affects the cashflow of the business as one of the largest expenses of many businesses are employee expenses. Timely and accurate payroll maintains employee morale by paying salaries and wages accurately and on time.
Payroll is one of many financial burdens a growing business must accommodate.
KM Business Services (Yorkshire) Ltd has over 12 years of experience in delivering payroll services for small and medium sized businesses. Our timely and accurate calculations ensure employees wages are paid on time and with the correct deductions made.
We provide the following:
- Payroll services for weekly, 4 weekly and monthly (including printed payslips, online submission to HMRC)
- Monthly CIS (Construction Industry Scheme) calculations, verification of new subcontractors and online return submissions to HMRC
- Auto-enrollment for Pension schemes
- Advise on compliance issues and keep you up to date on new legislation
- Issue P45's and enroll new starters with HMRC
- Annual submissions, including P60's
- and more...
We offer a tailored service to meet your needs , Contact us today to discuss how we can help you - 0844 884 59 09.
Frequently Asked Questions
- What are payroll services?
Payroll services involve the management and processing of employee wages, salaries, bonuses, deductions, and tax filings. A professional payroll service ensures that employees are paid accurately and on time while handling all the complexities of payroll tax compliance. This includes calculating deductions, preparing payslips, processing pensions, and submitting tax payments to HMRC. Outsourcing payroll services helps businesses avoid errors, ensure compliance, and save time and resources.
- Why should I use professional payroll services for my business?
Using professional payroll services ensures that your employees are paid accurately and on time, every time. It also saves you from the administrative burden of handling payroll in-house, reducing the risk of costly mistakes. Payroll services can help ensure your business stays compliant with ever-changing tax laws and regulations. By outsourcing to experts, you free up your time to focus on growing your business, while we take care of the numbers and compliance.
- What does your payroll service include?
Our professional payroll services cover everything you need to ensure your employees are paid accurately and on time, including:
- Payroll processing: Calculating wages, salaries, bonuses, and deductions.
- Payslips: Issuing electronic or paper payslips for employees.
- Tax calculations: Handling tax deductions and ensuring compliance with HMRC regulations.
- Pension processing: Managing employee pensions and contributions.
- Statutory payments: Handling sick pay, maternity leave, and other statutory payments.
- Year-end reports: Providing P60s and P11Ds at the end of the financial year.
Whether you’re a small business or a larger enterprise, we’ll tailor our payroll services to meet your specific needs.
- How can outsourcing payroll help my business?
Outsourcing payroll offers several benefits:
- Accuracy and compliance: We ensure your payroll is processed correctly, avoiding costly errors and ensuring tax compliance.
- Time-saving: By outsourcing, you free up valuable time that would otherwise be spent on payroll management.
- Expertise: Payroll experts are up-to-date with tax laws and payroll regulations, reducing the risk of mistakes.
- Reduced stress: You won’t have to worry about meeting deadlines or dealing with complex payroll issues.
- Cost savings: Outsourcing can be more cost-effective than hiring in-house payroll staff, especially for smaller businesses.
By partnering with KMBS for payroll services, you can streamline your operations and focus on growing your business.
- Why should I choose KMBS for my Yorkshire payroll services?
KMBS is your trusted partner for Yorkshire payroll services, offering personalised and professional payroll solutions. We understand the unique needs of businesses in Yorkshire and tailor our services to match your specific requirements. With years of experience, we pride ourselves on providing accurate, timely, and compliant payroll processing for businesses of all sizes. Our team is well-versed in local regulations and national payroll requirements, ensuring your business stays fully compliant with HMRC.
- How often do I need to run payroll?
The frequency of payroll processing depends on your business's payment schedule. Most businesses run payroll on a weekly, bi-weekly, or monthly basis. The frequency can be tailored to your specific needs. Whether you have salaried employees, hourly workers, or contractors, we can set up a payroll schedule that works best for you. KMBS ensures your payroll is processed on time, every time, regardless of the schedule.
- Can KMBS handle payroll for a small business?
Yes, KMBS specialises in providing payroll services for businesses of all sizes, including small businesses. Whether you have just a few employees or are rapidly growing, we offer scalable payroll solutions tailored to your business. Our professional payroll services help small businesses stay compliant with tax laws, ensure employees are paid accurately, and allow you to focus on the day-to-day operations without worrying about payroll complexities.
- How do I know my business will remain compliant with tax laws when using your payroll services?
At KMBS, we ensure full compliance with all UK tax laws and regulations, including the latest HMRC guidelines. Our payroll experts are trained to stay up-to-date with any changes in tax codes, National Insurance rates, and pension contributions. By using our professional payroll services, you can rest assured that all payroll-related tasks, from tax deductions to statutory payments, are handled correctly, helping you avoid penalties and audits.
- What are the costs of professional payroll services?
The cost of our payroll services depends on the size of your business, the number of employees, and the complexity of your payroll requirements. We offer competitive, transparent pricing that’s tailored to your business’s needs. Whether you require monthly payroll processing or additional services like pension management, we’ll provide you with a customised quote based on your specific needs. Contact us today to learn more about pricing and get a free, no-obligation consultation.
- How do I get started with your payroll services?
Getting started is simple! Just contact us through our website or call our team to schedule a consultation. We’ll discuss your business’s payroll needs and create a solution tailored to your requirements. From there, we’ll take over the payroll process, ensuring your employees are paid accurately and on time. We’re here to make payroll as easy as possible for you, with no hassle and no stress.