hurray your mega menu works
Making Money Work

It was announced recently that HMRC collected just under £820 million in additional tax over the course of 2017 through payroll investigations.

This is further evidence of the government department cracking down on organisations not following correct protocol. A common example of this is wrongly classifying workers as self-employed.

The massive figure marks a 16% increase on the sum that was generated across 2015/16, so bearing that in mind, the Leeds-based team here at Lima Accountancy feel that now is a better time than ever to outline some payroll management tips.

You can find these below:

1) Keep well informed

Thanks to the Internet there is no shortage of resources on PAYE schemes and how to properly implement them. HMRC’s employer bulletins, for instance, are released bi-monthly and are written to give up-to-date information for those who need it. The current and previous two issues can be found by clicking here.

2) Know your dates and note them down

From electronic and postal payments to tax credit renewals, there are numerous tax-related dates to remember throughout the year. As simple as it sounds, by knowing these and noting them down you are much less likely to trip up.

3) Enlist in the help of a professional

If you are based in Leeds, Yorkshire or the rest of the UK and need any help with such matters, we at Lima Accountancy offer a full payroll management service. In knowing that HMRC work to tight deadlines and that there can be costly consequences if you do not meet these, our accountants can take care of the process from start to finish.

Should you therefore be looking for efficient payroll management, please feel free to get in touch with someone from our Leeds office today by calling 0113 844 0402.

Free Initial Consultation

Arrange Consultation