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We have capacity to assist with individuals or businesses accounting, tax and business advice.
Learn More
We have capacity to assist with individuals or businesses accounting, tax and business advice.
Learn More
We have capacity to assist with individuals or businesses accounting, tax and business advice.
Pay Your Employees Effortlessly
Hire Our Professional Payroll Services and Say Goodbye to Payment Headaches
0203 442 1900
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Our professional payroll services exist to take away your stress and remove all the payment-related headaches you are facing. Now with our modern payroll software solutions, you can effortlessly manage to hand out payrolls while complying with all the tax and other financial requirements. The best part? You wouldn't need to worry about anything while managing multiple payroll operations through a single platform.
Our Testimonials
Wow! Oxbridge Accountants are a real genius in their fields. They have amazing insight and expertise throughout to help with any question relating to business start-ups, tax, VAT returns, bookkeeping and general accounting services. They go the extra mile. They offer a more strategic business growth support for success. They are first class! I recommend them highly.
Kevin at South London office was friendly and highly professional. He provided comprehensive information and advice that was understandable. I felt he had my best interest at heart and wanted to see my business grow. I find “anything about Tax” to be scary, but he was able to allay my fears. There was no pressure to buy his service. I have actually put my tax return in his hands. services.
Kevin at South London office was friendly and highly professional. He provided comprehensive information and advice that was understandable. I felt he had my best interest at heart and wanted to see my business grow. I find “anything about Tax” to be scary, but he was able to allay my fears. There was no pressure to buy his service. I have actually put my tax return in his hands.
Had our first consultation today with Bilal today and cannot recommend and thank him enough. We were struggling with our capital gains tax and other tax return and he sorted it immediately He helped us to submit a return under 24 hours, despite the messy record keeping. It was refreshing to have such professional advice along with such humanity. 
Verity Accountants and Business Advisors are focused on offering award-winning services in a timely manner. They pay great attention to details and ask very important question that helps for accurate reporting and money saving. I sincerely recommend Verity Accountants to anyone seeking first calss accountancy services.
Mark, A. Director – Mayfair Trading Services ***** We have received exceptional services and support for the past years from Verity Accountants Ltd for all our bookkeeping, tax and accounting matters. They are completely committed to our needs. They treat us as individual and as a partner. They bring a breath of fresh air into our business. I would highly recommend Verity Accountants Ltd to any business looking for their type of accounting services.
Verity Accountants and Business Advisors are focused on offering award-winning services in a timely manner. They pay great attention to details and ask very important question that helps for accurate reporting and money saving. I sincerely recommend Verity Accountants to anyone seeking first calss accountancy services.
Amber receives business and accountancy services from Verity Accountants including an all-round service, such as payroll, VAT returns and End of year accounting services. The fabulous services have removed a lot of administrative burden so we are now able to focus fully on developing our business.
The Steps Involved in the Payroll Process
Payroll means handing salaries to employees for their work, including calculating and withholding taxes and other deductions from their paychecks, as well as issuing payments and preparing and filing required tax forms. It is a vital process that affects every employee, and businesses need to ensure that they are paying their employees correctly and on time and also in compliance with federal, state, and local laws.
The process of payroll typically includes several steps:
- Gathering employee information: This step involves collecting and inputting employee information, such as hours worked, salaries, and deductions. This information is typically collected through time-tracking software or employee timesheets.
- Calculating and withholding taxes and other deductions: Once employee information is collected, the payroll service or software will calculate taxes and other deductions, such as Social Security and Medicare, as well as any deductions for employee benefits or other voluntary deductions.
- Issuing payments: The next step is to issue payments to employees. This can be done through direct deposit or physical checks. Direct deposit is a more efficient and secure way to issue payments, as it eliminates the need for manual checks and ensures that employees receive their pay on time.
- Preparing and filing required tax forms: The payroll service or software will also prepare and file required tax forms, such as W-2s and 941s. These forms are used to report employee wages and taxes to the government and must be filed by specific deadlines.
Recording and reporting: After the payroll process is completed, it is important to record and report all activities and payments to make sure that an accurate record is kept. These records can be used for budgeting, forecasting future expenses, and complying with legal requirements.
In addition to the above steps, some payroll services also offer additional features such as employee self-service portals and automated tax filing. Employee self-service portals provide employees with an online platform to view their pay stubs, update their personal information, and request time off. Automated tax filing can save businesses a significant amount of time and effort by automatically filing federal and state taxes on behalf of the employer.
It’s important to note that the process of payroll can vary depending on the size of the company and the complexity of the payroll process. A large company may have a more complex payroll process than a small business and may need to comply with additional laws and regulations.
You can only imagine the hours that will be spent as you try to figure out different records and sort out the proper information. Instead, you can hire our professional payroll services and save tremendous amounts of time.
Why Choose Our Service
Choosing our capital gains services can provide you with a number of benefits:
The importance of payroll services for businesses cannot be overstated. Payroll is a critical function that affects every employee, and businesses need to ensure that they are paying their employees correctly and on time and also in compliance with federal, state, and local laws. The following are some of the key reasons why payroll services are so important for businesses:
- Compliance
As previously mentioned, payroll is a complex process that is subject to many laws and regulations. Keeping up with these laws and regulations can be difficult for businesses, especially for small businesses or those without a dedicated human resources staff. By outsourcing payroll processing to our professional payroll service, you can ensure that their payroll is always in compliance with the latest laws and regulations.
- Time savings
Handling payroll can be a time-consuming process. For example, manually calculating taxes, preparing checks, and filing tax forms can take up a lot of a business owner’s time and energy. Our professional payroll service can handle these tasks quickly and efficiently, freeing up the business owner to focus on other important tasks.
- Accuracy
Businesses need to ensure that they are paying their employees correctly and on time. Our professional payroll service can help to ensure accuracy by double-checking calculations and handling paperwork.
- Employee self-service portals
Many modern payroll services now offer employee self-service portals, which provide employees with an online platform to view their pay stubs, update their personal information, and request time off. This can help to reduce administrative tasks for businesses and improve communication with employees. As per your requirements we can develop such a portal for your requirements.
- Direct deposit and other convenient payment options
Our payroll services offer convenient payment options such as direct deposit, which can save time and money. Direct deposit ensures that employees are paid on time, without the need for manual checks.
- Record Keeping
Our service helps businesses to keep records of all payroll activities and payments, which can be beneficial for tracking financial data, preparing budgets, and forecasting future expenses.
- Employee retention
Employees expect to be paid accurately and on time. When employees experience errors in their payroll or delays in receiving their pay, it can lead to dissatisfaction and eventually lead to the loss of good employees. A professional payroll service can help to ensure salaries are handed out at the right time, which can help to improve employee retention.
- Cybersecurity
As more businesses shift to online payroll processing, cybersecurity becomes an important concern. Our professional payroll service can provide secure online portals and encryption to protect sensitive payroll and employee data from cyber threats.
Contact us
Contact us if you would like to know more about our services or to book your free telephone or video consultation.
