SMEs & E-commerce Accounting Specialist

Payroll in the UK can be run once-a-month, which is normal in the UK, or on a weekly basis if chosen. Part of running the payroll includes gathering UK payroll taxes from employees' wages. Overseas businesses essentially consider both income tax and National Insurance tax. Did you know that more than millions of people are paid through the Pay As You Earn (PAYE) system every month? That’s a huge responsibility carried out by employers. Real-Time Information (RTI) is the system the UK uses to report payroll information. Under RTI, employers have to report their payroll data to HMRC online. RTI requires payroll data to be sent before, or at the same time, the payment of salaries is made. Once the data has been submitted it cannot be overwritten or re-done. Errors in RTI can be costly to employers managing their foreign UK payrolls. At the end of the UK tax year (5 April) you need to make your final report for the year to HMRC and provide each of your employees with a Form P60, which summarizes their total pay and deductions for the year. You will also need to advise HMRC about any expenses and benefits as part of your year-end reporting. Employers have to advise HMRC if a new employee joins or if an employee’s circumstances change. This forms a part of payroll reporting.

• PAYE, National Insurance, Statutory Sick Pay and Parental Pa
• Year-end submissions and reports
• Dedicated payroll service advisor
• Customized pay slips and Electronic -pay slips
• Weekly or monthly payroll cycles
• Departmental reporting
• Incentive schemes, Holiday schemes, bonuses and termination payments
• Dealing with various types of pension contributions
• Dealing with new starters and leavers, including issuing P45s to leavers
• Employee loans and deduction orders
• Employee loans and deduction orders
• Pension schemes administration and setup
• Management of Auto-Enrolment responsibilities
• Staff contracts and policies
• P11D filing
• BACS & auto pay payments
• Dealing with all statutory payments
• All aspects of RTI reporting to HMRC.

Your business must prepare full annual accounts and a company tax return at the end of the financial year. Your business needs to prepare accounts and tax return to meet deadlines for filing with HM Revenue and Customs (HMRC) and Companies House.

At the time of year-end accounts of your business, our executive will work with you to ensure the availability of prerequisites we need to file your accounts with HMRC. We'll also take care of your corporation tax return and confirm exactly how much corporation tax is due to pay. Whether you are a businessperson, firm or limited company, our standard compliance work includes:

It is a Companies Act requirement that your books are properly maintained and kept up to date. Failure to do so can result in fines, or even imprisonment. In addition, the ever present tax man can enforce hefty fines, running into thousands of pounds.

Make bookkeeping errors a thing of the past with Vital Signs Accountants. Vital Signs Accountants provide a vibrant bookkeeping service you can rely on. Run your business with confidence knowing your accounts are error-less, tax-efficient and on the calendar. Our competent bookkeepers are specialists in finishing accounts to the highest standard. Our bookkeeping service will be handled by an experienced professional, qualified to ensure that you never pay more tax than what is required. We provide:

From the beginning, our Vital Signs Accountant will guide you on when to register or deregister, the benefits of doing so, and how to contact HM Revenue & Customs (HMRC). Leave errors behind by outsourcing your VAT accounting to Vital Signs Accountants. Our team will ensure full compliance with HMRC to give you peace of mind, avoid penalties, and stay up to date with the latest legislation. You must submit a VAT Return even if you have no VAT to pay or reclaim. You typically submit a VAT Return to HM Revenue and Customs (HMRC) every quarter. This period of time is known as your ‘accounting period.’

Get affordable, expert VAT advice from Vital Signs Accountants today. With VAT specialists, our Making Tax Digital-ready service ensures full compliance.We ensure you’re paying the right amount of VAT. To do this, we’ll analyse your bookkeeping records, check for errors and inaccuracies and double-check your records. Our experienced team of VAT accountants are able to work with whichever bookkeeping service you have subscribed to in order to assist with your VAT returns.

• VAT registration or deregistration
• Bookkeeping analysis for VAT efficiency
• Assistance in VAT and Submission of VAT returns
• VAT accounting and retail schemes
• VAT planning, control and administration advice
• Advice on exemptions and partial exemptions
• Handling VAT disputes with HMRC
• Flat Rate Scheme advice
• VAT compliance advice and help
• VAT reviews and expert advice
• Advice and planning to minimise future issues with HMRC
• Negotiating with HMRC in the wake of disputes

A self-assessment tax return is a form issued by HM Revenue and Customs (HMRC) which is used to collect information on your income and capital gains for a particular tax year. HMRC uses the information you provide to check your tax liability for the year. The form includes sections where you can give information on any reliefs or allowances you are entitled to, which may reduce your final tax bill. The complexity of the self-assessment procedures mean that people are often tangled and run the risk of making their assessment incorrect. Every year almost a million of tax payers fail to file the returns before deadline and suffer an extra fine.

Vital Signs Accountant self-assessment facility makes sure that HMRC filing deadlines are met. Don’t let self-assessment tax you! If you struggle to understand how to complete your self-assessment return or fail to get it completed in time, why not let Vital Signs Accountant help to reduce the stress by managing the complete work for you? We’ll also observe all relevant aspects to see if we can minimise the amount of tax you have to pay. We will ensure that you avoid the substantial fines faced by many taxpayers who each year either submit their returns erroneously or unsuccessful to meet deadlines.

For businesses, it is important to know where they stand financially every month to take the next decision. Right information at right time is all you need to take the right decision about growth and funds you need. We understand the importance of the breakdown of the financial data for businesses, thus we produce the detailed monthly management reports for business which includes, cash flow, profit and loss and balance sheet.

The primary purpose of management accounting is to analyze information. They determine problematic areas and develop ways to correct them. They use the information to develop ways of increasing the company's profit. Management accounts for small businesses typically include a profit and loss account, balance sheet, cash flow statement and a short report. You can put the accounts together yourself, or more realistically, an accountant can do it for you. If you do require us to prepare management accounts throughout the year then there is always a saving in the year end fee for the preparation of the financial statements.