Payroll is the calculation and a recording of wages and deductions related to your employees.
Payroll covers all payments:
Basic Pay
Overtime
Commissions and bonuses
Pay for the holiday period
Statutory payments (sickness, maternity)
Payroll also covers the contributions you pay for the National Insurance Number and income tax for your employees. It is essential that you pay your employees the right amount and pay the appropriate contributions. Tax legislation in the UK is relatively liberal, but any negligence towards employees is treated very seriously and rigorously.
ABS SERVICE LTD specialises in preparing monthly payrolls. Thanks to the use of our special software to conduct payroll, we can handle companies with even a high number of employees, which receive all types of payments (dividends, commissions, etc.)
Having previously experienced numerous delays in the completion of my accounts and submission to the relevant authorities by previous accountants, I have to say how much of a refreshing change it has been to have everything dealt with on time By ABS-Service Ltd.
I dreaded each quarter as it came around until I met with the team at ABS-Service Ltd. For the last couple of years all I have had to do is present my paperwork by an agreed date and everything is taken care of. We then had a further chat and I have been able to reduce my VAT bill by over 50%.
We've been dealing with ABS-Service Ltd for 3 years now and have always found their industry knowledge, expert advice and professional service provided by the 'Team' at ABS-Service Ltd a great resource for our company.