Do you know what your reporting obligations are as an employer?
Meeting your obligations as an employer can be incredibly daunting especially with the introduction of Real Time Information (RTI). RTI means employers will now share information with HMRC on-or-before payments are made to employees. We can prepare these submissions for you and ensure that deadlines are adhered to.
We can also set up an Employers’ Scheme with HMRC for you and we can advise you of whether employees should be added to the payroll or not and deal with the relevant forms/ submissions for you. Throughout the year, we will calculate your employees’ net pay, report the figures and information to HMRC and provide you with payslips to pass on to your staff. We can calculate the tax and National Insurance deductions applicable; even if your employees are on sick, paternity or maternity leave. Late payments or underpayments of employers’ deductions can now lead to hefty penalties, so we can help you avoid incurring these.