Manage pension auto-enrolment with outsourced payroll

Payroll is not just about making sure that employees pay is on time but also about ensuring that accurate records are kept, any relevant wage deductions, bonuses or benefits are noted as well as tax deductions. 

For a business owner to manage this on top of the task of maintaining a successful business and keeping clients happy, this can be a huge undertaking. Payroll holds a lot of responsibility to be conducted accurately. 

By employing an accountancy practice to conduct your payroll means you can benefit from a team of consultants that will navigate all complexities of filing payroll submissions to HMRC and ensuring this is done on time and correctly. 

Workplace pensions 

One of the key benefits of sourcing an accountancy firm to conduct your payroll is that it can administer your auto-enrolment pension duties.  

An accountant can arrange to automatically enrol employees when they become eligible, produce the associated advisory letters, check deductions are calculated correctly each month in line with the scheme and any changes.  

The payroll consultant can then upload the monthly contributions to the pension scheme’s website, taking the task completely out of your hands allowing you to spend time elsewhere. 

At Mckenzies, our payroll software integrates with many of the pension providers to ensure that this is a very smooth process. We can also undertake your re-enrolment duties which occur every three years and submit your re-declaration of compliance to the Pensions Regulator.   

Take a look at our blog on the benefits of outsourcing payroll to see how else we can help your business. 

Payroll services Oxted, Surrey 

Get in touch with our payroll experts for a free consultation. Let us be your support team, helping you navigate your financial journey, save you time and help ease some of the daily pressures of running a business because of an outsourced accounting service.