A Brief Guide To Employment Tax Explained By A Limited Company Accountant.

If you are wondering whether you are handling an employment tax risk or not then you can refer to this guide. Learn how you can take the help of a limited company accountant and their expertise in this field.

Employer compliance

Hiring people is among the topmost expenditures for a company. Thus controlling salary risk and maintaining compliance is critical to cost reduction. We can assist you with:

  • Performing a PAYE medical test
  • Examining expenditures
  • Agreements for PAYE settlement (PSA)
  • HMRC discussions and disclosures
  • Examining the efficacy of payroll

An accountant can also assist with reviewing employee work habits to verify that costs and perks are treated.

Payments for termination


This is a delicate subject, with the primary goal of making the separation as easy as possible. Yet complex and changeable variables can trip up even the most excellent intentions.  Accountants can assist by guiding Payments in Lieu of Notice (PILONs). Along with insights about, retirement payouts, payment timescale, redundancy, or ex-gratia payments.

Salary reduction

An accountant can assist you in ensuring that your arrangements are compliant. They check the effects of revisions on the tax efficiency of several salary sacrifice plans. And then assess if you are leveraging the possibilities of remaining arrangements.

Want to learn more about salary reduction? Talk to accountants for limited company today.

Benefits packages

Employees are increasingly expecting flexibility and freedom in their compensation packages. But modifications in the tax and nic treatment of benefits have made this a crucial area to track. An accountant may assist you by analyzing benefit arrangements. Such as:

  • Pension
  • Vehicles (or cash alternatives)
  • Bikes
  • Vacation time
  • Volunteer benefits, and so forth
  • And they provide you with a clear picture of your situation.

Along with these, there are many other factors that only a professional accountant can understand and assist you with. And that’s why you need a well-versed and knowledgeable account by your side if you are running a business or company.

Contact Cheylesmore Chartered Accountants today at 02476017778 to hire a professional accountant.

Location: Edison Buildings, Electric Wharf, Coventry CV1 4JA, UK

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