Welcome to Spherical Accountants, your one-stop solution for comprehensive and expert Employment Tax services in the UK. Our dedicated team of tax consultants specialises in navigating the intricacies of employment-related tax obligations, ensuring compliance, and optimising tax benefits for both employees and employers.
Why Choose Our Employment Tax Services
Specialised Expertise
At Spherical Accountants, we pride ourselves on having a team of experienced tax advisers with in-depth knowledge of UK employment tax laws and regulations. Our experts stay up-to-date with the latest changes, ensuring accurate advice and strategies tailored to your tax needs.
Compliance Assurance
Employment taxes can be complex. Trust our professionals to ensure you stay compliant with HMRC’s regulations, avoiding penalties and unnecessary stress.
Personalised Solutions
We understand that every individual has unique tax requirements. Our team takes the time to understand your specific query, to be able to provide a personalised solution that aligns with your specific needs.
Tax Planning and Optimisation
Reduce tax liabilities while optimising your tax position with our strategic tax planning services. We will work closely with you to identify opportunities for tax savings, ultimately contributing to your bottom line.
Risk Mitigation
Minimise the risk of tax-related issues, HMRC inquiries, and compliance checks through our meticulous employment tax services. We will help you implement robust processes and controls, safeguarding your business from potential tax pitfalls.
Our Employment Tax Services Include
PAYE Registration and Setup
Hassle-free registration and setup for the Pay As You Earn (PAYE) tax scheme, allowing you to employ staff and fulfil your tax obligations effortlessly.
PAYE Compliance and Reporting
Precise and timely submission of PAYE returns and associated reports to HMRC, ensuring compliance with reporting requirements.
National Insurance Contributions (NICs) Guidance
Comprehensive guidance on National Insurance Contributions, enabling you to meet your obligations both as an employer and employee.
Tax-Efficient Employee Benefits
Advice on tax-efficient employee benefits and reward schemes, helping you attract and retain top talent while minimising tax burdens.
Expenses and Benefits Analysis
Analysis of expenses and benefits provided to employees, ensuring they are treated correctly for tax purposes, and optimising tax efficiency.
Employment Status Assessment
Determining the employment status of workers to ensure proper tax treatment and avoid potential IR35-related issues.
Employees
Generally, as an employee, the deductions from your gross salary include the deductions of tax via the PAYE code, Employee’s National Insurance, Student Loan and Pension Contributions. Sometimes, however, employees are required to submit a self-assessment tax return because either they receive taxable benefits or their income is at a threshold where a tax return is required.
Matters become more complex if you are an employee of a UK company working abroad or an employee from another country seconded to the UK. Sometimes, employers issue employment-related securities like shares to their employees in which case you may immediately become liable to the UK tax.
Whether you need bespoke advice related to your PAYE code or need help with filing a complex self-assessment tax return, our qualified and expert tax advisers are a phone call away to help you.
Employers
As an employer the biggest challenge sometimes is to retain the staff and to do so, you may decide to give performance-related bonuses, shares in your company, or offer to contribute towards an employee’s personal pension and provide other benefits like a company car, gym membership, private medical insurance, vouchers and other perks.
All the above come with rigorous tax and national insurance planning and reporting requirements.
When it comes to employment taxes in the UK, partnering with Spherical Accountants ensures you have a team of experienced tax professionals by your side. We provide expert advice, compliance assurance, and personalised solutions that align with your business objectives. Let us handle the complexities of employment tax, so you can focus on running and growing your business with confidence. Contact us today for a consultation and take the first step toward tax efficiency and compliance.