VAT

In detail…

KTS Accountants Ltd also specialise in VAT services to help businesses file their quarterly VAT returns on time.

Properly preparing and submitting your business’s quarterly VAT returns takes time, know-how, and precision. Our team will meticulously prepare your returns so that your accounts are accurately represented, ensuring that you’re not overpaying, that you reclaim the correct amount to which you’re entitled, and that you receive the correct VAT refund where applicable.

We will ensure that all your quarterly VAT submissions are always paid by the due date. Since we’ll see to it that you never default on a payment, you’ll never waste company funds on surcharges, and because we’ll ensure that your VAT return is completely accurate, you can rest easy knowing you won’t be hit with any penalty fees for incorrect returns either.

You can trust our team to guide you and give you advice on picking the appropriate VAT scheme or switching to the right one.
If you need help with VAT registration, VAT compliance or VAT record keeping, then contact our team today.

  VAT - In Making tax digital:

1. VAT returns
2. VAT registration
3. VAT compliance
4.  VAT record keeping
5.  Submitting returns

• Advice on VAT schemes
• Help with VAT inspections

PAYROLL SERVICES

In detail…

Focusing on your business and handling the payroll can be quite a tedious task. But KTS Accountants Ltd is here to make it easy for you. We offer payroll services so that you don’t have to worry about processing your company’s payroll anymore.

If you are looking for a company that can help you manage your employees’ pay, KTS Accountants Ltd is here for you. With over 25 years of experience in the industry, our team can take care of the payroll for companies both large or small.

We can help you take the stress out of handing your company payroll and give you the time to focus on the aspects of your business that DO require your attention. We can produce payslips, payroll summaries and reports detailing the payments you are required to make to HMRC regarding your employees’ PAYE contributions and more.

Payroll services:

1. PAYE Registration: If you are not registered as an employer already, we will register your company as an employer and will obtain the Pay As You Earn (PAYE) reference from HMRC.
2. Payroll Preparation: Based on the information provided to us by the employer and its employees, we will prepare weekly/monthly payroll and calculate the tax and NIC deductions based on HMRC guidelines.
3. Real Time Information (RTI) Submission: All payroll information will be submitted in “real time” via our up to date software to HMRC.
4. Regular Payslips: you will receive weekly/monthly payslips regularly after payroll is submitted to HMRC On a monthly basis, you need to inform us the rate of pay and consumed hours by employees.
5. Payroll Year End: At the end of the financial year, we will prepare the Payroll Year End documents, which include Pay Details, Pay Deductions, and P60 for the year, as well as calculate your total PAYE liability for the financial year. This Year End file will then be submitted to HMRC, again via Real Time Information