ANNUAL STATUTORY ACCOUNTS
- Annual statutory accounts and corporation tax computation
- Ideal for small, medium and large companies
- Save up to 50% compared to larger firms
- Based in London
London based payroll service to small, medium and large corporate companies.
Our London based payroll department provide a high-quality payroll service to small, medium and large corporate companies, as well as companies setting up in the UK or employing staff in the UK for the first time.
TAKE THE PAIN OUT OF PAYDAYS
Our payroll department processes in excess of 100 payrolls for both UK and overseas businesses.
From as little as £50 per month, you will be assigned a named senior payroll manager, and utilising cloud based technology, will ensure a fast and accurate turnaround.
- PAYE registration
- Fortnightly, monthly payroll
- Managing payment to employees/HMRC via BACS or Faster Payments
- Bonus, commission and overtime payments
- Payslip portal – cloud based portal for employee to access their payslips and P60s
- Secure delivery and data exchange using cloud technology
- HMRC and auto-enrolment compliant
- Self-service for your staff via our employee portal
- Guidance on Real Time Information (RTI), auto-enrolment and salary sacrifice schemes
- Complying with maternity and sickness regulations
- TRONC scheme management for restaurants, bars and hotels
- Option to integrate HR advisory and consultancy
- UK payroll company for overseas/international businesses and UK subsidiaries of overseas companies
When are statutory accounts due?
For most private limited companies, accounts must be filed with Companies House no later than 9 months after the financial year-end.
Cost savings
Outsourcing eliminates the need for maintaining an in-house Payroll team, reducing operational costs and overheads associated with software and training.
Focus on growth
With Payroll taken care of, you can reallocate valuable resources to drive your business forward.
Best in class payroll technology
Our advanced cloud-based Payroll systems deliver fast, accurate processing, enabling real-time reporting and ensuring compliance at all times.
Cost-effective & scalable
Whether you are a small business or a large corporation, our scalable services ensure you get the best value for your investment, with pricing tailored to your needs.
How to handle 'Prior Year Adjustments' (PYA)
If an error is discovered in a previous year’s filed accounts, we must assess if it is “material.” If so, we perform a PYA, which involves restating the comparative figures in the current year’s accounts to ensure long-term data integrity, rather than just fixing it in the current period.
Can carry back a trading loss to get a tax refund?
If a company makes a loss in the current accounting period, you can often “carry back” that loss to the previous 12-month period. This can offset the profits from that previous year, resulting in a refund of Corporation Tax already paid.
Automation & technology
We utilise the latest Payroll technology to enhance accuracy, efficiency, and reporting capabilities, reducing the risk of errors and increasing the speed of service.
Payroll Quote
To arrange an introductory meeting,
or for a quote, please complete the below form.
Why partner with Prysm Financial?
✔ Save up to 50% on payroll costs,
✔ Digitally enhanced payroll function,
✔ Free up time and frustration,
✔ Dedicated account manager,
✔ Market leading payroll technology,
✔ An accurate, efficient and cost-effective service,
✔ Seamless transition.
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