Whether you’re running your own limited company, partnership or you’re a sole trader, ensuring that a PAYE scheme
is in place and the correct calculations are being made is essential. Falling behind with payroll administration
can be costly due to HMRC’s introduction of payment penalties and other penalties associated with real time information reporting (RTI).
HMRC work to tight deadlines and here at Lima Accountancy, we can ensure that you meet these deadlines. We offer a full payroll service from setting up your payroll scheme with HMRC, taking on new staff and preparing the weekly or monthly payslips right through to the preparation and online submission.
Are you working through your own limited company alone? Many people overlook the need for a payroll scheme in these circumstances. However, having the correct advice from the outset ensures you are taking advantage of your personal tax-free allowances. This is key to saving business tax. Contact Lima Accountancy for help with the payroll scheme.