Accounting and CFO Packages

Every Business is different therefore we have designed special package to meet your business needs

Annual Meetings

Year-end compliance, including tax return and accounts preparation and filing

VAT returns

Payroll for one director

QuickBooks Online Software and initial training and setup

 

£150+VAT per month

Accountant

Our Fees

  • PAYE Registration Setup £150+VAT
  • Payroll Set £60+VAT
  • Payroll processing : £10 +VAT per payslip per month (first payslip being £15 per payslip per month)
  • NEST pension setup £200+VAT
  • Pension submission with NEST or People’s Pension £25 +VAT per month
  • BACS payment to individual employees bank account £120+VAT per month. (minimum 15 employees)

 

 

How It Works

  • We will register your business for payroll with HMRC
  • Once registered you will receive PAYE reference number and accounts office number at your registered address which you forward to us
  • We will ask you to provide company details and employee details using our payroll spreadsheet. Once we have all the necessary information we will set up your payroll within our system
  • We have a dedicated email for payroll payrollwatermill@gmail.com
  • We will be sending you reminders every month to update us of any changes. For some customers we use payroll master spreadsheet to communicate payroll information and changes each month
  • Once we have received the payroll information or master spreadsheet from you, we prepare a month end summary report, payslips summary and pension report (if you have pension services with us)
  • We will also inform you the amount you need to pay to HMRC by the due date (usually 22nd of the following month)
  • We have a secure portal where all payslips are uploaded so you can go and review and if you are unhappy with anything you can reject and inform us. If you are happy you do not need to do anything the payslips will be published to the employees on the pay date which means you do not need to individually email payslips to your employees
  • You would need to pay the employees the net pay amount on the pay date. We also have a BACS service where we could make the payment but it might be more cost effective if you have more than 15 employees
  • We will take care of the monthly payroll submission to HMRC on your behalf
If your business employs staff, you are obliged to set up a pension scheme for them.

Pension Setup –  Premium 

Watermill Accounting’s auto-enrolment for pensions service helps you choose the best scheme for your company by providing a report comparing up to 6 schemes.  It will then set up the scheme and pass all the necessary information to your payroll provider. Once you have chosen a scheme Watermill will set it up for you.  The service includes:

  • Sending communications to employees
  • Setting up your chosen scheme
  • Enrolling the employees to the scheme
  • Submitting the Declaration of Compliance with the Pension Regulator

The above service costs £600+VAT

Pension Setup –  Basic 

We will set up your pension with NEST (the government pension scheme).  The service includes:

  • Sending communications to employees
  • Enrolling the employees to the chosen scheme
  • Submitting the Declaration of Compliance with the Pension Regulator

The above service costs £200+VAT