A complex, ever-changing landscape
Payroll can be incredibly time-consuming, with the added pressure of ensuring it is completed accurately and to a specific deadline.
As an employer, you are required to submit payroll information, as well as national insurance and PAYE tax, to HMRC every time you pay an employee. There are many questions you need to answer each time you run your payroll.
How much national insurance should the company be paying? How do you deal with childcare vouchers? How do you reclaim statutory maternity pay paid to an employee? What can you do about auto-enrolment? And should this freelancer really be classed as an employee under IR35?
Payroll can easily be separated from other accounting activities, and so therefore can be contracted out to a professional team to give you peace of mind that your payroll is being run accurately.
Not only can Essendon Accounts & Tax look after your weekly and monthly payrolls, we can talk to HMRC on your behalf to deal with any issues that may arise and save you valuable time that could be better spent on focusing on your business.
Other services to help your business
Bookkeeping
Financial expertise and support with the day-to-day accounting needs for your business It can be a time-consuming, complex, and often-neglected task. However, every business is required by law to ‘keep books’ and as your business grows, so too does the amount of bookkeeping. You need financial expertise and support with the day-to-day accounting needs of […]
Management accounts
Taking care of your day-to-day business Our aim is to take care of your day-to-day business through managed accounts, and ensure the relevant statutory filing is always submitted on time. With the complexity of required submissions to Companies House and HMRC, it makes sense to let us handle your bookkeeping, payroll, VAT, and final yearly […]
Corporation tax
Ensuring you pay the right amount of tax When compiling your statutory financial statements, care must be taken with both the Corporation Tax computations and the final return. Apart from the financial statement, many necessary supplementary pages need to be prepared; for example, where the company has made loans to those with a participating interest […]
Payroll
A complex, ever-changing landscape Payroll can be incredibly time-consuming, with the added pressure of ensuring it is completed accurately and to a specific deadline. As an employer, you are required to submit payroll information, as well as national insurance and PAYE tax, to HMRC every time you pay an employee. There are many questions you […]
Value Added Tax
Different rates for different businesses You may need help with your Value Added Tax (VAT) obligations, and advice on registration and when voluntary registration may be beneficial. It is important to look at your purchases and see which input VAT can be claimed, and know the difference between the different rate schemes and which products […]
Personal Tax Returns
Expert knowledge to help you maximise the numerous tax allowances and reliefs that are available Many people find it time consuming and complicated to file their own personal tax return, and still ensure they only pay the right amount of tax. Whether you are a sole trader, in a partnership, a director of a limited […]
Capital Gains Tax
Taking full advantage of your allowances If you sell assets that have increased in value, then you are going to be liable for Capital Gains Tax on the profits. From personal possessions, business assets and property, to shares and investments, you need to make sure you are paying the correct amount of Capital Gains Tax. […]
Statutory Financial Statements
Taking the stress out of preparing your statutory financial statements, keeping everything clear and compliant. Any business generally has nine months from their year end to file their statutory financial statements and accounts with HMRC. To do this properly, you also need full unaudited statements for the shareholders which are attached to the Corporation Tax […]
Construction Industry Schemes
We make dealing with Construction Industry Scheme (CIS) rules simple – so you can focus on building, not paperwork. Whether you’re a contractor, subcontractor or a business that spends on construction, then the Construction Industry Scheme may apply to you. The scheme’s rules could affect how your tax and national insurance contributions are handled. It […]
Company Secretarial
We take care of your company secretarial tasks so you can keep your focus on steering the business forward. Every business must have someone to take care of the company secretarial side of the business and deal with Companies House, yet this is an often-overlooked yet important task. And it’s not just about filing of […]
Financial Director
A comprehensive advisory service All top athletes achieve the peak of their career by working with a coach, and we know that every business that wishes to reach the top must have a team of trusted advisors around them. We will always be there to provide up-to-date financial information, projections, data analysis and will always […]
Accountant for Start-Ups
Why it’s important to invest in an accountant for your start-up When you start-up your own small business, it’s an exciting whirlwind of new experiences. You initially take on many roles: sales, marketing, operations, IT, and even HR. The list is endless. One of the things you need early on, however, is solid advice on business […]
Registering a Trust
We simplify the trust registration process so you can be confident everything’s set up right. As of September 2022 the rules and regulations around registering a trust have changed. From this date all UK Trusts have to be registered regardless of whether they have tax liabilities. If you have a trust which requires registering and […]
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