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Payroll & VAT

Payroll and VAT are considered by many to be the most complex aspects of taxation. The level of rules to be followed can be daunting. On a regular basis we hear of businesses spending time preparing and completing Payroll and VAT returns. Further changes relating to payroll come into effect from 6 April 2013 relating to Real Time Information (RTI). At Hamill McIlwaine we are able to offer our expertise to complete your Payroll and VAT returns as and when required.


Payroll

Hamill McIlwaine provide a specialist payroll service for those businesses who wish to contract out their payroll departments. Our in-depth knowledge of tax credit, PAYE legislation, SSP and SMP issues ensures that our payroll is processed at the highest professional level. We can supply your staff with weekly or monthly payslips. We keep our own full records too, and will complete and file the necessary annual returns at no extra cost (P35/P60) and from 6 April 2013 can ensure that you comply with the new RTI rules. For higher paid staff and directors we can advise on developing attractive salary packages including a range of benefits in kind such as; pension schemes, share ownership, health care, child care vouchers.


VAT Compliance

We can assist in all aspects of VAT compliance. Whether your returns are completed monthly or quarterly we can calculate the VAT either payable or repayable and submitted electronically.

We can further advise on:

• Assistance with VAT registration
• Advice on VAT planning and administration
• Use of the most appropriate scheme
• VAT control and reconciliation
• Option to tax for rental properties