We work with you to ensure your employee remuneration packages are structured in a tax-efficient way, taking advantage of all available reliefs and exemptions.
With Employment Taxes being the most significant contributor to the Treasury it is hardly surprising that HM Revenue and Customs (HMRC) carry out some 30,000 employer compliance visits each year, with an average financial settlement of £10,000. Employers are seeking more and more imaginative ways to attract and retain staff in an increasingly complex tax environment so it is essential that they take the highest level of advice.
Our Employment Taxes Team works alongside your business to ensure that all your compliance obligations are met. We act as a sounding board in relation to employee benefits, compliance and planning and can suggest new ideas to reduce Income Tax and National Insurance Contributions (NIC), through salary sacrifice schemes, benefits and remuneration, structures and planning enhanced employee benefits.
We can help with:
- Payroll administration (see Business Solutions)
- HMRC visits
- Expenses policies and procedures
- Employment verses self-employment (and inherent problems surrounding status enquiries)
- Redundancy – Compromise Agreements, ex gratia payments
- Expenses and benefits planning provision and compliance
- Tax planning initiatives
- Dispensation Agreements
- PAYE settlement agreements
Our many years’ experience have given us a clear understanding of how tax authorities work and our understanding of business structures means that we can create a tax strategy that will work to your best advantage.
Our clients range from sole traders to large limited companies across a variety of sectors.
We believe we deliver real benefit to businesses, including high quality timely information, a commercial and experienced approach, PAYE and NIC risks identified and minimised and assistance in adhering to existing HMRC compliance requirements and updated guidance where appropriate.
6th December 2013
Our Autumn Statement 2013 Summary gives details of the issues likely to impact you. We have included informative comments on specific issues that we hope will help you to assess the likely impact the proposed changes may have on you personally and your business.read more