Category Archives: News

Manage Your Payroll Efficiently With JR Accounts

Ask any mid or big size organization about their challenges and most of them could come up with the issue related to pay management. Paying staff accurately is a complex task, there are software exclusively designed to manage the system. Many organizations prefer to hire executives who can put their payroll system up to the level where it does not remain a headache for the management and JR accounts among those agencies that can provide you an ultimate payroll solution in London and that too at an affordable price.

We have adequate expertise and knowledge to manage every aspect of payroll for you. We take care of each and every step, including setting up the system according to your business to PAYE and NI deductions, so that you can have more time to invest on your business rather than managing the affairs like salary management.

Our Payroll services include:

  • Suitable suggestion and advice on setting up a payroll system suitable to your business.
  • Prepare payslip
  • Calculate your end of year returns.
  • Dealing with PAYE and National Insurance deductions.
  • Independent account manager for all your payroll queries.
  • Auto enrollment processing and compliance

Keep your employee happy and pay them on the due date without any hassle. A good payroll system keeps the office routine on the track. Connect with JR Account for Payroll service in London and run your business/organization with ease.

accounts-preparation

Finally Balance Sheet Tallies

Accounting firms, London exist for the purpose of providing accounting services to businesses. This can mean payroll, financial statements, taxes or financial planning. Financial statements highlight information about company operations – profit and loss, net earnings and revenue. As a business owner, it is important to manage financials efficiently and accurately in order to prevent accusations of fraud, financial mismanagement and jail visits.

Accounting firms relieve companies and their staff from the troubles and burdens of in-house bookkeeping and accounting, including your annual accounts. They provide full account preparation services.

Installation of payroll systems, preparing pay slip, dealing with PAYE and National Insurance deductions are completely managed by these firms in London.

Accounting firms help businesses to properly file their tax on time in order to prevent any future criminal proceeding against them. Advice on VAT planning and administration and help with completing VAT returns. Act as intermediaries for any disputes with the tax authorities.

Accounting firms helps in choosing proper auto enrollment scheme for the companies. They ensure that companies payroll scheme are in line with auto enrollment schemes and helps assisting the about the employees who fall under these schemes. Failure to comply might lead to an immediate fine of £400 which can escalate to daily fines of anything from £50-£10,000, depending on the number of staff you employ.

Preparation and electronic filing of statutory returns, preparation of all documentation related to minutes and resolutions, the form the business should take, sole trader, partnership, LLP, limited company, PLC. Auditing of accounts, acting as a trustees or executors, and planning of estate, personal tax and retirement strategies are some of the additional services provided by firms.

HMRC Tax Investigations

Coping With HMRC Tax Investigations

In recent years, the investigations with respect to tax, have evolved immensely. Nowadays, HMRC are adopting a quite aggressive approach towards challenging people and business owners they have doubt of tax evasion from. Compliance checks should be expected. Hereby are some helpful tips on how to handle HMRC tax investigations in London:

The paper works

At first you will b required to undertake a compliance check which will be carried out by the HMRC at any given time if they have identified a risk or during a random procedure. You will be advised of the start of a compliance check though a phone call. It is important that you listen intently to what is being said and write down whatever you can. There is no need to answer any query during the call but the gist of the call would be about what the HMRC are checking and the reasons behind it and also what informations or documents you are required to provide and by when. You may ask for clarifications about why they are asking for so and so documents if you don’t understand why.

Do not pay a deaf ear

It is utmost important that you do not ignore any compliance check nor any notices given by the HMRC. They have legal rights to enquire about your business and tax affairs and they certainly will not just vanish if you ignore them.

Stay calm

Keeping your calm will be very beneficial in getting through the enquiries. Tax enquiries are very stressful and unpleasant even though all your records are in order and filed correctly.  Nothing alarming will happen if your tax affairs are in order and despite popular beliefs, justice is provided.

corporate tax planning

Accountants in Loughton – Hire Professionals from JR Accounts

Are you looking for professional accounting experts in Loughton and surrounding cities or anywhere in London?

When it comes to accounting services or hire accountants in Loughton and surrounding cities, you will have some more options of choosing the best one by going online. You have to choose the right accounting firm according to your choice. Professional and certified accountants in Loughton and surrounding cities offers a gamut of services that include accounts preparation, payroll services, tax returns, auto enrolment, VAT, corporate tax and planning, company secretarial and corporate finance.

Not forget to mention business start up, bookkeeping and accountancy services, audit, trusts and executor ships, self assessment, retirement strategies, personal tax planning and estate planning. Depending on your requirement, you have to contact as per your requirement for type of service you need and leave rest of the work on experts working here.

JR Accounts is a trusted and certified accounting agency offering you a gamut of services and solutions. You have to contact via any convenient mode of communication and leave rest of the work on experts here. Charges for these services are normal and will go well your budget. You can contact anytime and from anywhere in Loughton and surrounding cities. Your satisfaction and providing you peace of mind is the main motive of experts working here.