Payroll

Are you thinking to outsource your payroll processing services to a trustworthy
and affordable payroll service provider? Don’t worry! You have landed at the
right place.

At Universal Accountants, we have the capability to handle your tedious payroll
details in compliance with your local payroll laws. By outsourcing us, you will be
able to concentrate on your core business better than before.

Our payroll processing services include:

• Gathering and monitoring employee time information and attendance for
  a selected time period.
• Computing payroll taxes, benefits & deductions.
• Filing taxes that support social security, federal Medicare,
  unemployment funds, and direct deposits.
• Distributing employee pay (monthly/ bi-monthly/ weekly check
  payments) for that time period.

• PAYE Processing: We manage payroll under the PAYE (Pay As You Earn) system in full compliance with HM Revenue and Customs requirements.
• Payroll Calculations: We accurately calculate employee salaries, including income tax and National Insurance Contributions (NICs), ensuring full regulatory compliance.
• Employee Deductions: We handle all applicable deductions, including:
  • Income tax (PAYE)
  • National Insurance contributions
  • Student loan repayments
  • Pension contributions under auto-enrolment
• HMRC Reporting (RTI): We submit Real Time Information (RTI) reports to HMRC, including:
  • New employee registrations
  • Changes in employee details (salary, role, or status)
  • Employee leavers
• Year-End Compliance: We prepare and submit annual payroll reports and provide employees with required documents such as P60s and P11Ds, including reporting of benefits and expenses.

• Wages & Hours: Wages and overtime pay are computed in accordance
  with the rules prescribed by The Fair Labor Standards Act (FLSA).
• Employer Contributions Towards FICA: Withholding both medicare and
  social security contributions from employee’s wages as per rules
  prescribed under The Federal Insurance Contributions Act.
• 401(K) Plan: We keep track of employee’s details, automatic deductions
  (for 401-K and W-2 deposits) from paychecks, tax withholding and more.
• Tax Deposit: Issuance of taxes to the Internal Revenue Service in
  accordance with the IRS deposit schedule.
• Management: Payroll disbursement through ADP, Deputy, QuickBooks and other reliable sources.