Seamless, cost effective and flexible payroll outsourcing services
As constant legislative updates mean that payroll responsibilities are becoming ever greater, Firmvalue Payroll Services take away the hassle so that you can focus on day-to-day matters. Our seamless payroll service is cost effective and flexible, catering for your specific needs.
Firmvalue Payroll Services first opened its doors in 1997 with the aim of assisting businesses to handle payrolls of varying sizes, frequencies and complexities. Our friendly team listens to our clients’ needs, guiding them through the red tape to ensure that they are compliant with payroll legislation. Should you have a query, the payroll team is on hand – your best interests are at the heart of everything that we do.
Our values
Everything Firmvalue Payroll Services do is backed up by our core values.
Open
We understand how your company works and are here to assist with any additional technical support or business advice that you may need. We ensure that we communicate with our clients with utmost clarity.
Empathic
We provide clear guidance to support your goals. Offering a reliable service that you can trust ensures that we build a strong rapport.
Commercial
Our payroll services are cost effective, so that you reap the benefits of outsourcing a key financial function within your business.
Attentive
Our friendly team is here to help, supporting you as part of an all-inclusive fee.
Our payroll services
The concept of running the payroll has changed enormously in line with legislation. Whether a small business needing to outsource a key function, or a medium to large business requiring some extra support and knowledge, we provide an expert payroll service that covers the following key areas:
- Auto enrolment pension calculations, electronic feeds and associated reports
- Electronic payslips
- Payroll cost analysis
- Production of P60s
- Calculation of gross and net pay
- Calculation of PAYE and NI
- Statutory payment calculations such as: sick pay (SSP), maternity pay (SMP), paternity pay (OSPP), shared parental pay (ShPP) and statutory adoption pay (SAP)
- Loan deductions and repayments – court orders and student loans
- Cycle to work scheme and gym membership scheme
- Set up and amendment of employee records – starters and leavers
- Timesheet details recorded and overtime applied
- Production of P45s
- Secure data exchange via our dedicated payroll portal
- Secure data back up
- Implementation of payment method facilities
- BACs submissions for net pay and PAYE, and auto-pay transfers
- PAYE registration of new businesses with HM Revenue & Customs
“We’ve built up a strong working relationship with the Firmvalue Payrolls team over the time that we’ve worked with them. Given there seem to be constant changes to payroll it’s reassuring to know that we have their experience and expertise behind us. If ever we have any queries, they are always available to answer them quickly and efficiently. We would highly recommend them.”
Wheelers Solicitors LLP
Real Time Information (RTI)
Real Time Information (RTI)
HM Revenue & Customs is moving towards greater digitalisation and more frequent reporting. The result is that employers or their agents are required to make an online payroll submission either on the day or before the date they pay their employees.
The system has therefore become more onerous for the employer and the penalties for non-compliance, where the employer has failed to meet their RTI filing and payment obligations, can be high. Firmvalue Payroll Services will help you stay compliant, as well as saving you time, ensuring that you make your online submissions, and pay your liabilities on time.
Auto Enrolment
The introduction of Auto Enrolment has made it compulsory for employers to enrol eligible workers into a pension scheme to which they must contribute. Firmvalue Payroll Services can assist with the assessment of your workforce to establish who should be enrolled, so you can keep your employees updated about the changes.
We will also process the monthly reporting to complete the Auto Enrolment pension service.
Security
We communicate with our clients using a secure workspace. It speeds the process up, as well as offering you peace of mind that your employees’ personal data is being handled and processed in the most modern, secure way which conforms to current data privacy legislation.
Your employees can choose to receive ePayslips rather than paper. If so, they will be issued with login details and will receive their salary information securely by accessing their own personal account.
Get in touch
To find out more on how Firmvalue Payrolls can help your business with their payroll requirements from our Farnham, Surrey office, please give one of our friendly advisers a call or fill out the enquiry form below. We look forward to hearing from you.
Call: 01252 726274