Payroll Management
Payroll Management
ABMSZ ServicesReceive employee information from the client company, including employee names, employee identification numbers, employment contracts, and National Insurance numbers.
Verify the accuracy and completeness of the received employee information.
Input employee information into the payroll software system, ensuring accurate data entry and validation.
Calculate employee wages, salaries, and other compensation based on the client company's policies and relevant UK laws, including income tax withholding, National Insurance contributions, and other applicable deductions.
Prepare and distribute pay slips to employees electronically or in print format, as per the client company's requirements and UK legal requirements.
Prepare and file payroll-related taxes, including income tax withholding, National Insurance contributions, and other applicable taxes, to the relevant UK government agencies within the required deadlines.
Reconcile payroll transactions, including wages, taxes, and other deductions, to ensure accuracy and compliance with the client company's policies and applicable laws.
Generate various payroll reports, such as payroll summaries, tax reports, pension scheme reports, and other relevant reports, for the client company's review and analysis.
Respond to employee inquiries related to payroll, tax, and other payroll-related matters, and resolve any payroll-related issues in a timely and professional manner.
Maintain confidentiality and security of employee information and payroll data, in compliance with the client company's policies and relevant UK privacy laws.
Stay updated with changes in UK payroll laws and regulations, including updates related to payroll taxes, pension schemes, and other payroll-related matters, and update the payroll software system and processes accordingly.
Provide periodic payroll reconciliation and financial reporting to the client company for review and audit purposes.
Coordinate with the client company's finance and HR teams to resolve any discrepancies or issues related to payroll, taxes, pensions, or other payroll-related matters.
Maintain proper documentation and record-keeping of all payroll-related transactions and activities for audit and compliance purposes.
Continuously review and improve the payroll management process to ensure efficiency, accuracy, and compliance with the client company's requirements and relevant UK laws.