Outsourced Payroll
Payroll is Key to Employee Satisfaction
Accurate payroll management is critical for employee satisfaction and legal compliance. From paying staff on time to handling statutory deductions and benefits, every detail matters. But managing payroll can be a complex and time-consuming task.
Our service
Our expert payroll service is designed to save you time. Whether you’re a small business without an in-house accounts department, or a larger business seeking flexible support, outsourcing payroll to Phinch offers peace of mind. We handle the intricacies, so you can focus on what matters most to your business. Plus, our services are affordable and cost-efficient.
Benefits in Kind
Benefits in Kind refer to non cash benefits provided to employees, these have a monetary value and are subject to tax.
Common benefits are as follows:
- Company cars and fuel: Cars provided to employees are taxed based on the vehicles list price and CO2 emissions. Any fuel provided for personal use is also taxable,
- Private medical insurance: The cost of providing insurance is taxable on the value of the premiums.
- Accommodation: If you provide accommodation to an employee it will be considered to be a benefit and will be taxable.
- Fitness benefits: Gym memberships and fitness classes provided by an employer are taxable.
There are many potential benefits that are provided to employees that need to be reported, if you are considering offering or already offer non cash cash benefits please book a call to discuss the tax implications.
All identified benefits need to be reported annually by 6 July following the end of the tax year on form P11D. The Company will pay Class 1A national insurance and the value of the benefit will be added to the employees taxable income.
At Phinch, outsourced payroll means we handle your employee pay processes on your behalf. This includes calculating wages, managing deductions and ensuring everything is reported correctly to HMRC, so you don’t have to manage payroll in-house.
We help businesses outsource payroll to save time, reduce errors and stay compliant with HMRC regulations. By relying on payroll specialists, you can avoid the complexity of tax calculations and focus on running your business more efficiently.
At Phinch, our outsourced payroll services include processing salaries, calculating tax and National Insurance, producing payslips, and handling submissions to HMRC. We support businesses across Bristol, Bath and surrounding areas with accurate, reliable payroll management.
We process payroll on a schedule that suits your business, whether weekly, fortnightly or monthly. Regular processing ensures your employees are paid accurately and on time, while keeping your reporting aligned with HMRC requirements.
Yes, we ensure your payroll remains fully compliant with current UK regulations. Payroll involves complex and frequently changing legislation, so outsourcing helps reduce the risk of errors, penalties and missed deadlines.
Yes, we ensure your employees are paid accurately and on time every pay period. By managing payroll efficiently, we help maintain employee trust and ensure all payments, deductions, and reporting are handled correctly.
To run payroll, we need employee details such as salaries, hours worked, tax codes, and any deductions. Once set up, we manage the process for you, keeping everything organised and up to date for each pay cycle.
Yes, outsourcing payroll reduces administrative workload and allows your team to focus on core business activities. By streamlining payroll processes, we help improve accuracy, reduce manual work, and save valuable time.
Yes, we support businesses with outsourced payroll across Bristol, Bath and the surrounding areas. Our local knowledge and expertise ensure your payroll is handled accurately and in line with regulations and your business needs.
Outsourced payroll works by transferring your payroll responsibilities to a specialist provider. You supply employee data, and we handle calculations, payments, reporting, and compliance, ensuring everything runs smoothly from start to finish.
Testimonials
Mike Perry
The whole team are incredibly helpful and great at what they do. I can't recommend them enough!
Malia Brown
Thank you to [The Phinch] team for all your support over the years. It's very much appreciated and valued.
Grace Eden
Excellent guidance through process with a high degree of expertise. A very smooth experience.
Jennifer Muller
I have used [Phinch] services for many years. [The] team have guided me through the complicated processes of US taxes as an expat, and stayed on top of any changes in filing rules. Highly recommended.
Larissa Bulla
[The Phinch] team have been incredibly helpful in the preparation and filing of my US tax returns and FBAR submissions, even when I have been less than fully organised. The team are always prompt and professional. They stay abreast of changes in annual tax rulings and have helped me secure rebates or stimulus payments where these are due. I highly recommend this company.