Preparation of year-end financial accounts for sole traders, partnerships, limited companies, charities and clubs, including preparing 'filleted' accounts for filing at Companies House.
Maintenance of accounting records, with the possibility of preparing monthly, quarterly or six-monthly management accounts. We can also, either in addition to maintaining accounting records or as an alternative, maintain your VAT records, complete monthly or quarterly VAT Returns and submit them to HM Revenue & Customs.
Maintaining our client's accounting records allows them more time to concentrate on the finer points of running their business. Also, due to the increasing complexity of Value Added Tax, Making Tax Digital for VAT, and continual changes in VAT law, many clients prefer us to maintain their VAT records to reduce the burden of VAT compliance.
Maintenance of payroll records, either weekly, fortnightly, four-weekly or monthly, including providing employee payslips and completion of monthly PAYE and NIC payslips for payment of Pay As You Earn and National Insurance Contributions. Completion of Employer's Real Time Information (RTI) and Employer Payment Summary (EPS) Reports and submitting them online to HM Revenue & Customs. Completing Forms P60, P11D and P11D(b) for filing with HM Revenue & Customs. We will claim the Annual Employment Allowance of £4,000 (£3,000 up to 5th April 2020) as a deduction from your Employer's National Insurance Contributions. In addition, we can provide advice on all aspects of payroll from the National Minimum Wage and National Living Wage, National Insurance Contributions thresholds, Statutory Sick Pay, Statutory Maternity Pay, Statutory Paternity Pay and the Working Time Regulations, to Statutory Redundancy Payments and Statutory Periods of Notice. We are also able to advise and assist you with your Employer obligations under the Automatic Enrolment regulations for Workplace Pensions.
Due to the increasingly onerous burden of administering employees and maintaining payroll records as a result of increasing regulation, continually changing Income Tax bands and National Insurance Contributions thresholds and rates, student loan repayments, Real Time Information, Workplace Pensions etc., using our payroll services removes a major part of that burden, which allows you to concentrate on the more important aspects of running your business.