Since the introduction of Real Time Information (RTI), payroll should really be performed specialist staff and the consequences of getting your payroll wrong are obviously upsetting for your workforce. With the implementation of Auto Enrolment for the majority of small businesses over the next couple of years the burden of running an in house payroll will further increase.
For many small businesses it does not make commercial sense to employ a payroll specialist and the obvious option is to therefore outsource this very important function. At Spectrum we have many years of experience in the payroll profession which will ensure you of a reliable and accurate service. Our experience and cost-effective pricing make us the logical choice to fulfil all of your payroll obligations.
Our standard payroll service includes the following:
- Calculation of PAYE/National Insurance and all statutory payments
- Advising on amounts due to employees, HMRC and other organisations
- Preparation of payroll summaries and individual employee payslips
- Submission of RTI filings to HMRC
- End of tax year RTI declarations and P60’s produced
- Assessing employees auto-enrolment status together with the calculation and processing of pension deductions
- Submission of returns to the pension provider
Our standard monthly fees are:
| Number of employees | 1 – 5 | 6 – 10 | 11 – 15 | 16 – 25 | 26 – 35 | 36 – 50 | 50+ |
| Monthly – pre auto-enrolment | £20.00 | £30.00 | £45.00 | £65.00 | £90.00 | £135.00 | POA |
| Monthly – post auto-enrolment | £35.00 | £40.00 | £55.00 | £80.00 | £105.00 | £155.00 | POA |
| Fortnightly – pre auto-enrolment | £40.00 | £60.00 | £90.00 | £130.00 | £180.00 | £270.00 | POA |
| Fortnightly – post auto-enrolment | £70.00 | £80.00 | £110.00 | £160.00 | £210.00 | £310.00 | POA |
| Weekly – pre auto-enrolment | £80.00 | £120.00 | £180.00 | £260.00 | £360.00 | £540.00 | POA |
| Weekly – post auto-enrolment | £140.00 | £160.00 | £220.00 | £320.00 | £420.00 | £620.00 | POA |
Whilst the above fees cover most items, some elements of your business may be more complex and could incur additional time costs, which will be provided on enquiry.