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Whoever you are and whatever your business there is no
getting away from completing your year-end returns. A lot of companies fail
to realise the importance of completing these forms correctly and on
time. Year-end returns report to the HM Revenue & Customs everything
you have paid your employees, PAYE tax, National Insurance and other
calculations like Student Loans, Statutory
Sick pay (SSP) and Statutory Maternity Pay (SMP). If you complete your
year-end returns incorrectly you could end up with a visit from the HM Revenue
& Customs who will review all your payroll procedures and records. If
they find anything administered incorrectly or you submit your year end
returns late you could end up with a substantial fine.
It
is compulsory for all employers to file their year-end returns online.
Excaliber Payroll
Services uses a HM Revenue & Customs certified payroll software which
processes all year-end returns via the internet. Excaliber Payroll
Services can deal with all you year-end returns online ensuring the
correct data is sent and on time leaving you more time to deal with your
business.
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