PAYE and National Insurance Contributions

To avoid, potentially substantial HM Revenue & Customs penalties, we can ensure that you meet the many deadlines for submission of reports, forms and payments during the year, leaving you free to concentrate on building your business.

Employing people as part of your business is a positive sign of your enterprise’s success, but it also brings extra responsibilities. These include:

  • Ensuring that salaries and other benefits comply with the tax rules on PAYE and national insurance contributions
  • Informing HM Revenue & Customs when you take on an employee
  • Regularly paying tax and other deductions, such as student loans, to HM Revenue & Customs
  • Dealing with the tax implications of benefits in kind, such as a company car.

You must also file reports with H M Revenue & Customs each and every time you make a payment to an employee, submit end of year reports to HM Revenue & Customs, provide an annual P60 statement to each member of staff and stay up-to-date with the latest rules to ensure ongoing tax compliance.

To avoid potentially substantial HM Revenue & Customs penalties, we can ensure that you meet the many deadlines for submission of reports, forms and payments during the year, leaving you free to concentrate on building your business. We can also keep you up to date on issues including tax codes and national minimum wage rates.

If your business is in the construction industry, we can advise and support you in staying compliant with the Construction Industry Scheme.

We are a telephone call or e-mail away

and an initial meeting is always without obligation and free of charge.

01242 541440 or
info@smith-heath.co.uk

“Whilst this web site outlines the different areas in which we provide taxation related assistance, the common thread is that of advice. We will prepare calculations and file returns on your behalf, but more importantly, we will offer advice and assistance in each and every area to ensure that your tax affairs are structured in the most efficient manner possible”