Written by John Hunt on 22nd May 2018 in Uncategorised

Services Schedule

This information is for new clients and should be read together with your letter of engagement. Please check which of the following services are listed in your letter.

Company accounts

We will:

  1. Prepare from the business bank statements, accounts and other information and explanations provided by you the company’s corporation tax computations and a tax return together with all supporting schedules.
  2. Forward to you the tax return for your approval. Once the return has been approved, we will submit it to the Inland Revenue. If necessary, we will do the same with amended returns.
  3. Advise as to the amounts of corporation tax to be paid and the dates by which the company should make the payments and if appropriate we will initiate repayment claims when tax appears to have been overpaid.
  4. Deal with all communications relating to the company’s tax return addressed to us by the Inland Revenue or passed to us by the company.
  5. Help you in preparing the figures for the tax, provisions and disclosures to be included in the company’s statutory accounts.

Limited company establishment

We will:

  1. Register your company with Companies House and handle all regulatory requirements for its establishment.

Self-Assessment

We will:

  1. Prepare your tax return, along with any supporting schedules, from the accounts and other information and explanations provided by you.
  2. Forward to you the tax return for your approval. Once the return has been approved, we will submit it to the Inland Revenue. If necessary, we will do the same with amended returns.
  3. Advise as to the amounts of income tax to be paid and the dates by which you should make the payment and if appropriate we will initiate repayment claims when tax appears to have been overpaid.
  4. Deal with all communications relating to your self-assessment tax return addressed to us by the Inland Revenue or passed to us by you.

Payroll

We will:

  1. Register your company for PAYE and set up a payroll scheme to cover your employees using the information about them provided by you.
  2. Make calculations of tax, NIC and other relevant payments and deductions, including tax code changes.
  3. Make regular submission of Real Time Information (RTI) reports to HMRC.
  4. Advise you on the employer’s contributions to be paid and the dates by which you should make the payments and if appropriate we will initiate repayment claims when tax appears to have been overpaid.
  5. Update employees’ records including hours, pay and leaving dates from the information you send us in writing.
  6. Regularly send you payslips for the company’s employees.
  7. Deal with all communications relating to the company’s payroll addressed to us by the Inland Revenue or passed to us by the company.

VAT

We will:

  1. Register the company for VAT if required.
  2. Prepare quarterly VAT returns using receipts, accounts and other information provided by you.
  3. Forward to you the VAT return for approval. Once the return has been approved, we will submit it to the Inland Revenue. If necessary, we will do the same with amended returns.
  4. Advise you on VAT to be paid or reclaimed and the dates by which you should make the payment and if appropriate we will initiate repayment claims when tax appears to have been overpaid.
  5. Deal with all communications relating to the company’s VAT addressed to us by the Inland Revenue or passed to us by the company.

 

 

 

 

 

 

Workplace pension:

 

We will:

 

  1. Set up your workplace pension scheme with our selected pension provider and register in with the Pensions Regulator.
  2. Work out which employees should be automatically enrolled and which should be invited to join the scheme. We’ll also advise you about employees who want to opt out.
  3. Manage the scheme alongside our payroll service.
  4. Calculate each month the employer and employee contributions, organise deductions, adjust payslips and keep up-to-date records for you and the Pensions Regulator.
  5. Deal with all communications relating to the company’s workplace pension addressed to us by the Pensions Regulator or passed to us by the company.

 

 

 

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