| VAT & Payroll Services |
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Our payroll bureau can handle all your payroll calculations and deductions, dealing with tax credits and class 1 National Insurance, student loans and all other deductions. Secure internet transfer of information to HM Revenue and Customs ensures that your records are always up to date. We also submit the end of year returns leaving you to run your business and leave all the headaches to us. Payroll can be done weekly, fortnightly or monthly, we will always meet your needs. We will also inform you of changes to the National Minimum Wage, and other legislation changes VAT If you're VAT-registered you'll have to fill in a VAT Return at regular intervals - usually quarterly - and send it to HM Revenue & Customs. The return shows:
If the amount of output tax is more than the input tax, then you send the difference to HMRC with your return. If the input tax is more than your output tax, you claim a VAT repayment on your return. There are special schemes that some businesses can use to help them work out and pay their VAT. JPS will advice on vat registration and the best scheme for your business, JPS also deal with VAT planning, appeals, enquires and disputes, as well as completing VAT returns. |