Business Services: tax compliance

Every business must complete tax returns reporting their income and profits under the self assessment regime.

Businesses with employees must also comply with Pay As You Earn (PAYE) regulations, which include issues such as benefits in kind, while the complex VAT regime creates further compliance challenges. We offer a range a range of services to help you stay compliant, including:

• preparing individual, partnership and corporation tax returns, with supporting computations and calculation of liabilities
  
• preparing weekly or monthly payrolls, calculating tax and national insurance payable and preparing associated end of year returns (P35, P14 and P60)
  
• preparing P11D forms, relating to employee benefits in kind or expenses. Where appropriate, we can obtain a dispensation against making a return of certain expenses.
  
• checking forms for compliance, including Form 42, where an employee receives shares in a company, or Form 11, when a company car has changed
  
• checking your VAT returns. We can also prepare VAT returns from your underlying records or produce these records for you.

To find out more about how we can help you, please contact LRH accountants in Halifax.