Other Services

Outsourced Finance Management

THL understand that owners and directors of businesses need to focus their time and effort into managing the operation of the business.

The finance function is also an important element of any business which can sometimes be overlooked, particularly in small to medium sized businesses.

We can assist in this area by providing a fully outsourced finance function, including all internal reporting such as payroll, bookkeeping, management accounting, and the financial director role.

Many small to medium sized businesses cannot afford, or do not have the workload, to employ a full-time finance director. Our team includes experienced individuals who have worked with a wide range of businesses in both direct and outsourced finance roles.

Whether your business needs regular input on a weekly basis, or a more infrequent review, we can provide clients with tailored advice and functions on a basis that suits your needs.

Assurance Reports

Where stakeholders require added confidence on financial information, external assurance reports can play a key role in providing stakeholders with added confidence.

We will work closely with you and tailor our service specifically to your needs.

Assurance reports can be particularly useful for companies that do not have an audit undertaken in circumstances such as:

• Raising bank funding
• Assurance for investors
• Reporting on key areas of concern
• Reporting on compliance with industry specific requirements

Company Payroll and Pension Administration

Maintaining best practice in payroll and pensions is essential for employers. Payroll keeps employees engaged in their role and ensures business functions are properly supplied and continue to drive forward.

With the ever-changing legalisation in payroll compliance, including the additional pressures of COVID-19 and changes to IR35, the administrative burden of payroll has further increased.

Our payroll specialist team are dedicated to looking after your business and staff by offering a tailored service to meet your specific needs, irrespective of the number of employees or the size of the business. As well as ensuring the business remains compliant with the latest legislations, we can:

• Manage the payroll cycle, including RTI administration
• Support and assist first-time payroll implementations
• Monitor and manage auto-enrolment requirements
• Provide payroll reports and journals
• Issue payslips or e-payslips directly to employees
• Advise on monthly liabilities due to HM Revenue and Customs
• Assist with the administration of statutory payments such as SSP, SMP, SPP, ShPP, SAP and SPBP
• Complete a year-end reconciliation and issue P60s
• Provide holiday calculations and management (particularly helpfully for hourly paid workers)
• Process your payroll at intervals that best suit your business needs; weekly, fortnightly, monthly, quarterly, or annually
• Provide advice by phone or email

To found out more about our payroll service and see how we can assist contact Katie Herbert.