Financial Services

 

To use VANL’s Financial Services you must be a member of VANL.

 

Payroll Service

Initial set-up charges £10 per group
Pension set-up charges £30 per group
Processing charges £5.00 per employee per payroll run

 

£6.20 per employee with auto enrolment requirement

 

£5.25 per employee with auto enrolment requirement (20+ employees)

Submission of year-end returns to HMRC and P60s to employees £5.00 per employee

 

So for a member group with three employees who are paid monthly with no pension deductions, the annual cost would be:

  • Initial set-up – £10.00
  • Pension set-up – £30.00
  • 12 Payroll Runs – £180.00
  • Year-end processing – £15.00
  • Total cost in year of setup – £235.00
  • Total cost in subsequent years – £195.00

 

Community Accountancy:

Community Accountancy work is available to members only.

  • Booking services – £27.50 per hour
  • Year end accounts preparation – £30.00 per hour
  • Independent examination of accounts – £30.00 per hour
  • Bespoke financial training – £30.00 per hour

 

Time spent, and therefore costs, increase when:

  • There are a number of restricted funds/grants
  • Income levels increase
  • The bank is not reconciled