Our goal is to provide a one-stop financial shop for every company we work with. Let’s be honest here, farming out your payroll, VAT, Pensions etc to separate companies can be a full time job in itself.
So that why we want to keep it simple. We can do it all, and we are great at it!
Trouble with payroll? Let us help and save your business valuable time. Providing quality service with a friendly demeanour is deeply embedded within MAGE, we are also dedicated to providing small businesses with the support they need.
We calculate employees’ tax and national insurance contributions, as well as adjusting for sick leave, paternity or maternity leave. Final calculations are sent for approval which can then be sent to your employees. As part of our payroll services, we’ll also calculate your employer’s national insurance contribution and prepare monthly PAYE returns.
We help with employees’ expenses, and enforce fair treatment. Our aim is to manage tax as effectively as possible.
We offer a range of services that are done to a high quality and are cost effective:
For further details or to get a quote please email our team on info@magepayroll.com or by calling 020 328 666 32
You are not sure whether you should register for VAT or get VAT-registered? Or which VAT scheme is best-suited to your business needs? Our experts will assist you to get registered, managing and completing your monthly , quarterly or yearly VAT returns.
We can advise you on whether you should register for VAT and help you choose the right scheme. Then we can help you complete all the forms…..
If you’re just starting out, we can help you decide whether you need to be VAT registered and we will continue to monitor your situation, so that should it become obligatory for you to register for VAT, we can deal with all of the paperwork for you. As well as we will also monitor your position for when we think you are able to and would benefit from deregistering. we will also look at the VAT schemes you are eligible for and establish whether you would be better off adopting one or a mixture of them. Some VAT schemes can lead to tax savings and a reduction in bookkeeping responsibilities.
Advise on best software provider suitable to your business nature and needs , planning on the best way of record keeping which can reduce time and stress as well as administrative support …….
We complete VAT returns in good time to ensure you avoid any penalties as well as making sure that your business have plenty of time to make founds available if needed….
We can prepare your VAT return; either from your own bookkeeping records or we can take care of your record keeping and the VAT return. And we will try to ensure that you claim as much VAT as possible.
Late VAT registration, errors, late VAT returns and late VAT payments can all lead to penalties and possibly interest being charged. So allowing Mage to take care of your VAT affairs, not only gives you peace of mind, but it should also avoid you wasting your hard-earned cash on penalties and interest.
Hate the hassle of doing your bookkeeping and preparing for your annual return?
Mage payroll can organise your business finances so you can see where profit and loss occurs. We are dedicated to satisfying your convenience, so whatever arrangement is most beneficial to your needs will be implemented, we can even help to implement cloud bookkeeping without pain and without delays. The only thing you have to worry about is sending us all of the required information on time; our trained experts will take care of the rest. We focus on your books so that you can focus on your business
You’ll have a report to give your accountant which highlights anything we think they should be aware of so you get the best tax advice
Our outsourced bookkeeping service is customised to each individual client’s needs. You’ll always know in advance how much work we’ll be doing and the cost of it. All your information is entered into our accounting system by our friendly, experienced bookkeepers. We currently use Xero, Clearbooks, Quickbooks and VT transaction , but we can use a package to suit you.
As well as taking care of your day to day bookkeeping work, we also offer advice on how to improve your processes and interpret the reports we provide.
Our service is customised to your requirements so in addition it can include:
· Sales invoices: Preparing and issuing sales invoices to ensure they’re accurate and are sent out on time.
· Credit control: Chasing customers to ensure your invoices are paid in a timely fashion.
· Payment handling: Arranging regular weekly or monthly payments.
· VAT returns: Ensuring your return is accurate and paid on time.
We are accredited by AAT (Association of Accounting Technicians) and keep fully up to date with all legal changes.
All Businesses will be effected by the new Workplace Pension Legislation called Automatic enrolment. You will be receiving a notification 12 months and 3 months before the staging date from Pension Regulation. We recommend to be prepared for it well in advance as this is not simply setting up a pension scheme but it will impact all the payroll process. Every employee must be individually assets, informed and explained as how it works, as well as the scheme needs to be set up and the deduction should take place on time to avoid fines / penalties. Overall it will impact HR, the employer, payroll, IT, Recruitment and individual employees making the process very time consuming
What is Automatic Enrolment?
Automatic Enrolment requires all UK employers to enrol qualifying workers into a pension scheme, which both employee and employer contribute toward. Automatic Enrolment is currently being rolled out in stages across the UK
First thing you should do is find out your staging date. Then you can start planning to make sure you’re ready in time.
To find out your staging date, visit the Pensions Regulator website here: http://www.thepensionsregulator.gov.uk/employers/tools/staging-date.aspx
On your staging date you must automatically enrol all staff that are:
– Aged 22 or over
– Working in the UK
– Earning over £9,440 a year.
Mage Payroll can help you understand, implement and run Auto Enrolment for your business.