Member Article

Demand for PM+M’s Payroll service soars over past six months

PM+M - the chartered accountancy, business advisory and wealth management group – has seen a sharp spike in the demand for its payroll processing and advice services since the start of the COVID-19 crisis.

The firm’s payroll team has reported an 18% increase in turnover when compared to the same six month period last year. In addition to this, the team has also handled over £3.5m worth of Coronavirus Job Retention Scheme claims since the scheme was launched by the government earlier this year.

The 10-strong team, which is headed up by Julie Mason, offers a range of payroll support services to over 450 clients operating across the UK. They also work closely with PM+M’s tax, pension and accounting specialists to provide an all-round service to employers.

The news follows the launch of the firm’s bespoke furlough advice function in April. It was created to offer support on the entire furlough process including preparing claims and calculations, making portal submissions and managing HMRC communications.

Julie said: “The last six months has been a massive upheaval for businesses right around the world. The impact of coronavirus has been devastating so our focus has been on helping our clients navigate the challenges they face. The entire team has worked tirelessly to deliver a first-class service and I couldn’t be prouder of their efforts and the value they’ve added.”

This was posted in Bdaily's Members' News section by PM+M Chartered Accountants .