Important and Relevant Payroll and VAT Returns Services

Every business who employs staff needs to meet the requirements of RTI (Real time Information). This is designed for HMRC to receive up to date payroll information of all employees each time they are paid.

A good payroll system is integral to any business.

At HKM we can carry out both weekly payrolls and monthly payrolls and ensure they are submitted to HMRC and to avoid any future surcharges and penalties.

At HKM we can generate employee pay slips, weekly/monthly pay summaries.

We can also carry out computations on

  • statutory sick pay,
  • maternity pay
  • student loan deductions.
  • Paye

VAT

By UK Law it is an obligation to register your business for Vat if your turnover exceeds £79,000 (year 2013).

Once you are registered you must keep all required Vat records and issue Vat invoices. We can then complete and submit a Vat returns quarterly i.e. every three months and submit it to HMRC

HKM will advise clients on all the available options when it comes to VAT i.e. voluntary registration, cash accounting and the flat rate schemes.

At HKM we can guide and advise clients on Vat matters such as inspections.