PAYE

Errors and omissions in your payroll reporting and record-keeping could lead to further enquiries from HM Revenue & Customs (HMRC) and even result in penalties or a wider PAYE investigation.

Our payroll services provides comprehensive payroll support, to ensure that your  PAYE is always accurate, HM Revenue & Customs reporting is carried out to relevant deadlines and that you meet all your compliance obligations.

As part of our payroll services, we can prepare forms P11D and P11D(b), relating to expenses and benefits, calculate the employer’s Class 1A  national insurance contribution (NIC) liabilities and submit these to HMRC deadlines

We can also advise on pay packages involving benefits in kind, to maximise tax and national insurance efficiency.

While you may be happy with your in-house payroll operation, you may welcome independent verification that you are meeting all your compliance obligations.

A detailed MD Consulting PAYE and NIC health check offers benefits including identifying and resolving issues, for reassurance that your payroll is HMRC-compliant or prior to an HMRC compliance check, including any ambiguity around correct tax and NIC treatments

Should any major issues be identified, early and voluntary disclosure to HMRC can lead to a more favourable financial settlement.

To find out more about MD Consulting’s PAYE tax services in Buckinghamshire, or to arrange a free initial meeting to discuss how we can help you in more detail, please contact us.