Employer ……..Employees,……. End of year Returns to HMRCI
WatkinsonBlack met the 31st January Self Assessment Tax Return deadline for numerous clients – and here we are already facing the next deadline for the PAYE end of year returns.
The good news is that we do have a payroll bureau with widely experienced staff who are dedicated to perform the payroll function. We currently act for 80 employer clients who have people on their payroll!
Over to you now,
a) Do you know anyone in business who have employees?
b) Do you know anyone who is about to start up in a business where they will need to employ people?
c) OR DO YOU HAVE EMPLOYEES YOURSELF?
If the answer is YES to any of those questions, why not consider outsourcing your payroll function. Why not use our expertise, we can take the strain away from anyone who requires the services of a payroll department but are not large enough to warrant employing someone in house to do it
Once we have established certain relevant information the payroll service we provide includes the following:
- we calculate net salary payable to the employee
- we advise of the tax/national insurance together with due dates of payment to the HMRC on a timely basis. (This is usually monthly)
- we deal with the completion of P45’s for starters and leavers
- we can take away the headache of dealing with other aspects of payroll, i.e statutory maternity and statutory sick pay
- finally we deal with the end of the year paperwork, this includes the preparation and production of P60’s and P14’s (The P60 is the employee copy) The P14’s are the HMRC and DSS copies, and these important documents are accompanied by a summary of the tax and national insurance payable for the tax year known as a P35 these documents all have to be submitted to HMRC by 19th May after the 5th April Tax year. We are registered to submit all relevant returns online which is now a compulsory requirement. If you wish to process your own payroll documents, we can still offer a submission service at a fixed fee which will be advised when appointed
We would like to expand our payroll department and for that we need you, do you need US?
Our other services include:
Audit
Preparation of Quarterly VAT Returns –
Quarterly Management and Annual Accounts
for Self Employed Sole Traders/Partnerships/Limited Companies –
Personal and Corporation Tax Returns –
General Best Book Keeping Advice and
All Aspects of Tax Advice