Real time information (RTI) refers to a system brought in by HMRC in April 2013 whereby all employers must submit a report before paying their employees, detailing how much is to be paid to their employees and when. This is in contrast to the previous system when the only return containing details of employees’ salaries was made after the end of tax year in the ‘Employer’s Annual Return’.
As details of payments and tax deductions need to be submitted to HMRC before each payment is made it is now necessary to agree with your accountant or payroll service provider when payments will be made and how much they will be for before the payments are actually made.
RTI returns are included in Integro Accounting’s fixed fee service, more details of which can be found here: Fixed-fee service.
Why Integro Accounting?
Integro Accounting is the UK’s only specialist provider of fixed fee, limited company accountancy services for contractors, consultants and freelancers that was established to an award winning standard – our Practice Manager, Maria Hickmott FCCA, won The British Accountancy Awards’ ‘Accountant of the Year’ in 2011.
We were set up with the vision of providing a service that is the ultimate for the dynamic, busy professional of today in a language you understand.
Integro Accounting have designed a bespoke service for the contractor who is always on the go; never forgetting that one size will never fit all.
The relationship you have with your accountant is the most important factor in our service which is why we will always offer unlimited contact with your own personal accountant; whether that contact is via the phone, email or face to face.
We have our 3 offices located in London, the South-West and on the Bedfordshire and Buckinghamshire border. There are also meeting locations in many of the major cities and towns across the Home counties, South-West and South Wales, all conveniently placed so that you never have to travel far to meet your accountant.
If you have any questions about contracting or would like to find out more about how Integro Accounting can help you and business please call Christian on 01525 303984, email email@example.com or request a callback.