Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. Whether you are a large company or have a small team working for you, MTP Accountancy Services can relieve you of this stressful obligation, inluding making provisions for compulsory pension plans (auto-enrolment) for your employees, and dealing with complex taxation and employment legislation.
Payroll
- Home /
- What We Do /
- Payroll
Construction industry scheme
The Construction Industry Scheme (CIS) sets out rules for how payments to sub-contractors for construction work must be handled by contractors in the construction industry. The scheme, which applies mainly to contractors and sub-contractors in mainstream construction work, has strict filing deadlines when filing your monthly CIS returns to the Inland Revenue. Failure to comply with these deadlines will result in a fine. Why not let MTP Accountancy Services relieve you from the stress of completing your returns, allowing you to get on with running your business.
Employee benefits and P11Ds
MTP Accountancy Services offer a number of services including:
- Undertake and prepare forms P11D and submit to HMRC, including calculating Class 1A NIC liability due in advance of the due payment date;
- Prepare Section 336 claims for expenses included on forms P11D which were incurred wholly, exclusively and necessarily in the performance of your employee’s duties;
- Liaise with HMRC to obtain dispensation for certain expense payments;
- Offer advice and assistance to clients who wish to prepare their own forms P11D.
Online filing
Since April 2011 small employers (50 or less employees) have been required to file their P46 and P45 forms online. HRMC issued warning letters to small employers who submitted late forms between 6 April 2011 and 5 January 2012. However, they have confirmed that penalties will be imposed if you fail to file your P46 and P45 forms online from April 2012. If you would like assistance in this area, please contact Maite Payen to make an initial appointment.
PAYE and NI
Are you paying more tax and NI contributions than required? Failure to comply with the necessary regulations can incur stiff penalties. Why not let MTP Accountancy Services calculate and complete the necessary forms, minimising your liabilities, whilst ensuring that you are fully compliant with your obligations, and inform you how much to pay and when.
Weekly and monthly payroll
Even if you have only a few employees, you will make savings by engaging us to administer your payroll. Services offered include:
- Customised payslips;
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc;
- Completion of statutory forms, including year end returns, to issue to your employees and submit to HMRC;
- Summaries and analyses of staff costs;
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments;
- Administration of pension schemes.
Year end returns
MTP Accountancy Services can prepare your statutory year end accounts and company tax return (CT600). We require accurate and complete records so that we can compile your year end accounts providing you with an efficient, cost effective ‘year end’ service. Once prepared, we will review them together. Contact us now so that we can provide the advice you need to ensure that you understand your accounts and submit them on time.