Payroll, NI, PAYE & VAT Services

THE SCF GROUP HAS BEEN PROVIDING INDIVIDUAL & COMPANY ACCOUNTANCY SERVICES FOR OVER 25 YEARS

PAYROLL, NI, PAYE & VAT SERVICES

DO I NEED AN ACCOUNTANT FOR PAYROLL, NI, PAYE & VAT SERVICES?

The answer is very much dependent on your temperament, skill sets and time. Preparing your own VAT returns, Insurance and PAYE has several advantages. You are in full control, can work at your own pace, and can oversee all aspects of your business. To help you there are a number of cheap software packages on the market which can assist you in preparing your returns, and HMRC now have help lines staffed by knowledgeable officers who are always ready to offer useful advice. And, of course, it is cheaper than employing an accountant.

Video interview with Barry Spencer-Higgins LL.B (Hons), MOI, Barrister-at-Law taken from our sister website www.StartingMyBusiness.Biz

However, this is not for all. Preparing these returns can be complicated, as they sometimes use terminology and language which is not always easy for the layman to understand. Relying too much on software packages can be risky as they are geared to provide standard solutions, when your own circumstances may be different. And the interpretation of results can be difficult for the untrained.

In addition, there are regular changes in legislation, and the rules, particularly for VAT, are complex in certain circumstances. Furthermore, penalties can be incurred if returns are completed incorrectly, potentially serious if HMRC believe there was fraudulent intent involved.

Using an accountant, on the other hand, means that you have a trained professional handling your situation, who is likely to be more familiar with the latest revisions in tax laws, and is used to the terminology and the forms involved. Although their services will cost money, paradoxically they could save you more than they cost, because their knowledge of the legislation means they may be able to reduce your outlay. In addition, you will be less likely to face penalties and fines if a trained professional is handling matters for you, especially if there is any direct contact required with HMRC which, for some, can be a daunting experience!

However, if using an accountant make sure you employ somebody with the right skills and experience. As there are no rules as to who can call themselves an ‘accountant’, make sure that whoever you use is properly qualified and belongs to an appropriate professional body. It is strongly recommended that you only employ a certified or chartered accountant, as only they are likely to have had the professional training and on the job experience to handle your business appropriately.

For further information on our accountancy and tax planning (both domestic and international) services please contact one of our new business managers.

For more information on our Accountancy Services, please speak to one of our accountancy consultants

PRIORITY ENQUIRY FORM

(Strictly Confidential No Obligation)

Omega Building, 1^st Floor Offices, Riverside West, Smugglers Way, London SW18 1AZ, UK

Telephone : + 44 (0) 20 7731 2020 Email : enquiries@scfgroup.com

Certificate Number : 05462416 – VAT Number 859 0235 14

A FULL RANGE OF LEGAL, ACCOUNTANCY & COMPANY MANAGEMENT SERVICES

The SCF Group specializes in providing accountancy services for UK limited companies, UK company management services including the provision of (where necessary) domestic directors, domestic company secretaries, registered office address services, trading offices, value added tax (VAT) registration and management, payroll (Pay as You Earn PAYE), opening up and managing UK bank account facilities, raising UK invoices and any and/or all other services required to establish a bone fide managed and controlled UK limited liability company.

The SCF Group also specializes in providing accountancy services for Irish limited companies, Irish company management services including the provision of (where necessary) domestic directors, domestic company secretaries, registered office address services, trading offices, value added tax (VAT) registration and management, payroll (Pay as You Earn PAYE), opening up and managing Irish bank account facilities, raising Irish invoices and any and/or all other services required to establish a bone fide managed and controlled Irish limited liability company.

Our in-house team of legally and accountancy qualified experts can also provide advice on current UK & Irish tax laws/provisions including anti-avoidance provisions, EU directives and regulations, the impact of BREXIT for both UK and EU based businesses and other relevant. In addition, where required the SCF Group can also set-up and arrange the management of companies in tax attractive EU based jurisdictions such as Cyprus, Luxembourg or Malta or indeed any jurisdiction in the world including those in the Middle and Far East.

Property de-enveloping services – In conjunction with leading UK firms of solicitors the SCF Group can help transfer companies currently held by what were known as ‘offshore’ companies into either more tax efficient UK companies or directly back into the names of individual beneficial owners’ often without attracting stamp duty land tax (SDLT) but still avoiding the advance tax on enveloped dwellings (ATED). For more information please see https://www.de-enveloping.co.uk

Our fiscal migration and tax planning department is operated by UK qualified lawyers and accountants and can advise both domiciled and non-domiciled individuals on how to mitigate their individual and corporate tax exposure be it in the UK, Ireland or internationally. Our legal & business department can provide specialized advice on all domestic and international tax planning issues but also upon ‘key’ issues such as asset protection be it in the form of trusts, private interest foundations (PIF’s), pre-nuptial and post-nuptial agreements, divorce and general family law, legal drafting, leave to remove applications etc