INFORMATION (RTI) CAME INTO FORCE ON 6 APRIL 2013
PAYROLL SERVICE /
CONSTRUCTION INDUSTRY SCHEME
governments have gradually increased the burden of compliance on employers
to such an extent that the complexity surrounding your payroll is enough to
put you off employing people for life. What with Student Loan Repayments,
Disabled Persons Tax Credits, Wage Attachment Orders, National Insurance
Contributions, National Minimum Wage and Pay as you Earn not to mention RTI
,the list of problems just keeps on growing.
On top of
this you are expected to be an expert in all payroll matters and if you do
not get it right you are the one that ends up paying for it. The Inland
Revenue impose PENALTIES and INTEREST.
For example if you fail to complete forms P11D the Inland Revenue have the ability to
fine an employer up to £3000 for each employee. The new rules for RTI
impose even more burdens on employers to ensure information is submitted
ONLINE each time you pay your staff.
All this on top of the CIS rules might
just be the last straw.
payroll bureau we can arrange various services to suit your particular
requirements at a realistic cost. From basic payroll processing to payment
via BACs or maybe just assistance during April and May to complete
your year end procedures just contact us for a quote.
The Construction Industry Scheme also requires you to complete monthly
declarations to HM Revenue & Customs and to provide certificates of
deduction of tax to your subcontractors. You have a duty to ensure that
they are subcontractors and not employees. Here too we can help with the
DAVID SHORES & CO
Business Advisors & Chartered Accountants
Station Road, New Milton, Hampshire, BH25 6JX (Registered Office)
Registered in England No. 1512874
Find out more about US at: DS&Co