TL First Account & Audits

Email: info@tlfirst.com

Phone: +44 208 663 6400 | +44779 504 0000

Payroll ManagementStreamlining payroll procedures and RTI submission

Payroll Management 

Payroll Management 

Our payroll administration services are designed to help you streamline your payroll procedures & operations, reduce mistakes, and ensure compliance with standard reporting and regulations.

We are committed to helping you streamline your payroll processes and minimise the risk of errors and non-compliance. Our experienced payroll and RTI submission specialists have the knowledge and ability to assist you in developing a plan that is in line with your business objectives.

Payroll Reporting:

Our comprehensive payroll reports will assist you in analysing your payroll expenditures and trends. Our reports provide you with the information you need to make intelligent decisions regarding your payroll management strategy.

  • RTI Submission

We have a flawless submission, ensuring your payroll information is accurately reported to HMRC. Stay compliant and free from the complexities of payroll reporting.

  • P45/P60

Trust us to handle P45/P60 documentation with precision. Whether you’re welcoming new employees or managing departures, our services ensure accurate and timely P45/P60 generation for smooth transitions.

  • EPS (Employer Payment Summary)

Let our experts manage the complexities of reporting, ensuring your compliance and peace of mind. Tailored to your business needs, our services integrate seamlessly, saving you time and effort. Focus on growth while we take care of your EPS reporting.

  • P11D

 We help you accurately report employee benefits and expenses related to ensuring compliance and accurate reporting.

Employee Benefits Management​

We manage employee benefits which include:

(i) Health insurance, (ii) Retirement plans, (iii) Subsidized gym membership, (iv) Company Car, (v) Car Allowance, (vi) Travel benefits (vi Bonuses Other benefits.

We ensure that your employee benefits are handled efficiently and cost-effectively.

Construction Industries Scheme (CIS)

The Construction Industry Scheme (CIS) brings specific tax regulations to subcontractors in the construction sector, outlining how contractors handle payments. Our tailored services cater for both contractors and subcontractors, ensuring smooth compliance with regulations and efficient financial management.

Contractors:

We’ve got your back with comprehensive CIS services, including:

  • HMRC Registration: We register you as a contractor with HMRC.
  • Subcontractor Verification: We verify your subcontractors with HMRC.
  • Accurate Payments: Ensuring correct and timely payment to subcontractors.
  • Deduction Statements: Providing necessary deduction statements to subcontractors.
  • Impeccable Records: Keeping your records organized for monthly returns to HMRC.

As contractors, if you’re dealing with employees or self-employed subcontractors, we ensure compliance with PAYE schemes or HMRC’s ‘under deduction’ requirements.

Modern engineer pointing at sketch in blueprint while explaining it to colleague

Sub-Contractors:

We’re here to streamline your CIS journey with services that cover:

  • HMRC Registration: Registering you appropriately with HMRC.
  • Verification: Handling HMRC verification with your contractor.
  • Business Record Management: Organizing and managing your business records.
  • Tax Returns: Preparing your end-of-year self-assessment tax return, calculating liabilities or refunds.
  • Clarity on Status: Helping determine your employment status for each contract.

As a subcontractor, we guide you through the CIS process, ensuring your payments are handled correctly and transparently.

We are committed to helping you streamline your payroll to minimize the risk of errors and non-compliance. Contact us today to learn more about our payroll management services.

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