By law, all businesses must produce annual accounts for the HMRC. Additionally all limited companies must also file accounts at Companies House which comply in form and substance with the Companies Act.

Additionally, your business must prepare tax computations based on your annual accounts; these must be filed with the HMRC when tax returns are submitted.

These computations can reduce your business' corporation tax liability by including tax relief for all relevant expenses and capital expenditure. They also ensure that your business pays the correct amount of tax by excluding any spending which is disallowed by the tax regulations.

The HMRC impose fines and penalties if these returns are not accurate or filed on time. 

We offer various services to help you with the process of paying staff:

• payroll registration and set up
• computerised payroll administration (weekly or monthly) including all deductions and collections
• production of staff payslips
• production of payroll cost reports
• calculation of monthly payments due to the HMRC
• make funding requests for statutory payments (e.g. maternity pay)
• production of year end returns and issue of P60s and P11ds (if required)