It’s so easy for companies to make mistakes with people’s pay. Let’s start with basic pay.
You might employ 10 or 20 people on variable wages with different working hours. Your staff attendance is recorded. From this data, we then can work out what each person is due. We can also calculate whether someone is due overtime or a bonus based on working hours.
Rather than spending 30-45 minutes a week of your time on this, Modina’s bookkeepers get to work straight away to fully understand how much and when people are paid. Our team handles this task completely in the background so you can get on with your responsibilities.
Let us also work out commissions due to sales staff and sales managers. Your salespeople are a vital component of your business. Arguably more than any other staff members, salespeople are most sensitive to being paid the wrong amount. Work with Modina to ensure that doesn’t happen.
We also calculate the levels of income tax and both National Insurance contribution types at each pay run. We’re also able to ensure that the right amount of pay is withheld from staff for auto enrolment and other types of pensions. Any and all deductions from pay, let Modina handle it.
On the 22nd of each month, your company has a legal responsibility to transfer over all monies held under PAYE and pension rules. You’ll know at the end of the previous month how much to hold back.
And, of course, all of Modina’s services are compatible with the new Real Time Information rules.
To find out more about outsourcing your payroll, call Modina on 020 7183 8241 or email email@example.com.