We work with a wide variety of business types, bringing our expertise in small and medium businesses accounting to many industries. We are happy to help your business by providing a full suite of accounting services for a monthly fee, or we can mix and match our services to suit your business requirements.
Please call us now on 0208 213 3032 to talk us through your business type to learn a little more about our experience in that area or contact us to arrange a free consultation with one of our company directors.
Payroll, Pension And Auto Enrolment
Auto-enrolment may sound arduous and time-consuming, but our expert team will ensure that you are fully versed and prepared to manage your employer duties in a calm, efficient manner.
Auto-enrolment legislation was introduced by the government in October 2012 and designed to help workers save for their retirement. Under the rules and regulations, all eligible employees must be enrolled in a qualifying workplace pension scheme.
Under the new regulations, employers are now required to enroll all eligible employees into a qualifying pension plan and make contributions into it.
Employees eligible for Auto-Enrolment are those who:
Ordinarily work in the UK.
Are aged between 22 years and state pension retirement age.
Are not already enrolled in a suitable workplace pension scheme.
Do not have a private pension plan.
Earn more than £10,000 per year
If a worker does not fit into the above criteria, they still have the right to join a qualifying workplace pension by informing their employer that they would like to “opt in”.
Employers will be required to contribute a set percentage of each employee’s eligible earnings into each pension and the Government has set a minimum percentage that must be contributed in total (i.e. the employer’s contribution, the employee’s contribution and the tax relief).
Contact us now for further information and advice on any aspect of auto-enrolment or employee benefits in general.
Construction Industry Scheme and reporting compliance
Construction Industry Scheme, or CIS as it’s more commonly known, is the HMRC’s procedure for collecting income tax from individuals working within the building industry as subcontractors rather than as employees.
Although it can sound a little bit daunting, we’re fully trained, qualified, and experienced in the principles and practises of CIS Accounting. So, whether you’re working on a construction site or building project in Acton, Croydon, Bromley, Hackney, Islington, Hounslow, Harrow, Greenwich, or anywhere else in London, we can help.
For further information about our CIS Accounting Services in London, get in touch today.
CIS Self-assessment returns must be completed each and every year and there are strict penalties for late returns. Paper returns must be filed by the 31st October, following the tax year ending on 5th April, whilst on-line returns must be submitted by the 31st January following the end of the tax year. We will ensure that your tax returns are completed and submitted in advance of the deadline to avoid any unnecessary fines or charges.
Whilst we’re firm believers in adhering to tax legislation, we also believe that no one should be forced to overpay tax. But the reality is that, if you work under the Construction Industry Scheme, you have almost certainly overpaid tax at one time or another. And we’re not talking small change, we’re talking about substantial overpayments, in fact, our average CIS tax refund is £3,500!
So, as well as helping you to complete your self-assessment tax return, we will also help you to claim any refund that you are due, quickly and easily. With our expert team on your side, if you file your return online, you will usually receive your refund within 2 weeks.