- 9105 Access House, 141 Morden Road, Mitcham, CR4 4DG
- Mail: info@bnwaccountants.co.uk
- Unit 9105, 141 Access House, Modern Road, Mitcham,
- 0208 648 0800
- info@bnwaccountants.co.uk
Payroll Services For Small Businesses and SMEs
Our comprehensive payroll services take away administrative stress and maintain HMRC compliance, letting you do what you do best—run your business. Most business owners don't realize how complex in-house payroll management can get, especially with HMRC's changing requirements and RTI rules.
- Fully Managed Payroll Processing
- Original Setup and HMRC Authorization
- Automated Calculations and Deductions
- Auto-Enrolment and Pension Compliance
- Automated Calculations and Deductions
What's Included in Our Payroll Services
Our expert payroll services deliver more than simple processing. We provide a detailed solution that works for businesses of all sizes. Your payroll management needs precision, compliance, and reliability. That's why we've developed services that match your specific needs.
Fully Managed Payroll Processing
Let us handle your entire payroll function as an extension of your business. We take care of everything from calculating employee wages to ensuring timely payments. Our cloud-based software streamlines and automates payroll processes. This reduces errors by a lot and saves you valuable time.
Calculating Wages
We calculate employee earnings before and after deductions with precision. Tax deductions follow the correct rates: 20% for earnings between £12,571 to £50,270, 40% for £50,270 to £125,140, and 45% for earnings over £125,140.
National Insurance Contributions
On top of that, we handle National Insurance contributions at 12% of weekly earnings between £242 and £967, and 2% for weekly earnings over £967. Our automated calculations eliminate manual errors while staying compliant with HMRC regulations.
Auto-Enrolment & Pension Compliance
Our experts track these requirements and manage the process. We keep detailed records of enrollments, opt-out dates, re-enrolment dates, and all contributions. We make the monthly pension returns process easier and ensure your payslips and employer records show the right contributions. This integrated approach removes the risk of non-compliance and potential penalties from The Pensions Regulator.
Custom Reporting
Clear, detailed reports help you manage finances better. Our service gives you reporting tools that reveal trends and ways to improve your financial strategy. Our secure, cloud-based employer portal lets you manage employee records easily. You can get reminders about your payroll schedule, track progress, and create detailed reports. The portal is available whenever you have internet access.
Payslip Portals
Your staff gets a secure online payslip portal to view current and past payslips, P60s, and P45s. This self-service option gives employees direct access to their pay information. It reduces admin questions and makes employees happier.
Who Do We Work With?
Our Professional payroll services benefit almost every business, though certain organizations stand to gain more than others. The choice to outsource this vital function often stems from specific operational challenges that different enterprises face.
Small Business
BNW accountants provide experienced payroll services for small businesses starting from just £15 per month. Business owners end up handling payroll themselves without expertise in complex tax requirements. External providers now manage payroll for more than half a million small businesses.
Remote or Hybrid Teams
Our Specialized payroll services help these organizations with global compliance knowledge and automation tools that monitor location-based requirements. Cloud-based systems help businesses run payroll accurately, whatever their employees' locations.
SMEs
Managing various pay rates, overtime calculations, and labor law compliance becomes more challenging for companies with 50-100 employees. Outsourced payroll for SMEs grow naturally with your workforce without needing extra internal resources or infrastructure investments.
Want To Switch?
We’ve made switching to us incredibly easy. Our three-minute onboarding process means you can get started quickly without mountains of paperwork or complicated procedures. We handle the transition from your existing accountant smoothly, taking care of all the technical details so you don’t have to worry about anything falling through the cracks.
STEP
01
Get Online Quote
Get an instant online quote for your required services to find out how much you'll be paying for services
STEP
02
Signup With Us
Now you will provide your registration details related to your business to signup to our services.
STEP
03
Services Confirmation
Our team will get in touch with you to confirm all the details and share useful information.
STEP
04
Final Onboarding
To get started with your services, we’ll get you set up, settled in and introduce you to your accountant.
Common Payroll Challenges Faced by Managing Payroll In-House
Businesses of all sizes face real risks when they handle payroll in-house. Complex payroll administration often results in costly mistakes. These errors create operational inefficiencies and regulatory problems that hurt your bottom line.
- Manual Errors and Compliance Risks
- Time Consumption and Resource Drain
- Penalties for Late or Incorrect Submissions
Manual payroll calculations come with high error rates. A study shows 46% of UK employees missed bill payments because of payroll mistakes. About 25% of employees have dealt with payroll errors, and 46% faced these problems multiple times. Large companies with 500+ employees lose up to £150,000 each year from these mistakes.
Manual processes typically cause:
Incorrect tax deductions and miscalculated wages
Misclassification of employees vs. contractors
Improper pension contribution calculations
Data entry errors when processing employee information
The numbers tell a clear story - 39% of businesses say manual processes are their biggest payroll expense. Companies without automation find payroll "incredibly complicated from start to finish, eating up time and money".
Small businesses spend about 5 hours each month on manual payroll tasks. This valuable time could help grow the business instead. A YouGov study reveals that almost a quarter of businesses struggle to handle other staff needs because payroll takes too much time. Daily productivity suffers from repetitive payroll tasks. Teams must track benefit deductions, manage pension payments, and handle staff changes. As a result, 26% of businesses say payroll work stops them from pursuing new opportunities.
Payroll mistakes come at a high cost. UK businesses paid over £75 million in HMRC penalties for wrong or late submissions since 2020. About 27% of these penalties happened in 2022-23 alone.
Company size determines penalty amounts:
1-9 employees: £100 per late submission
10-49 employees: £200 per late submission
50-249 employees: £300 per late submission
250+ employees: £400 per late submission
HMRC adds daily interest charges until businesses pay their dues. They charge an extra 5% on PAYE amounts over six months late. Another 5% penalty kicks in after 12 months.
The mix of compliance risks, time demands, and possible penalties makes in-house payroll tough to manage. This challenge grows harder for businesses that want to focus on growth rather than paperwork.
Checkout Our Great Reviews
We are trusted by hundreds of small businesses, contractors and SMEs due to best accountancy packages. Our financial modeling techniques forecast your budget and cash flows with precision and give you the foresight to plan ahead rather than react to problems. We provide the strategic guidance that helps you understand where your business stands financially, beyond technical expertise.
