All organisations need to manage the on-going reporting and deducing compliance obligations relating to employee pay, NIC, expenses and benefits – yet this not only manifests itself as a significant administrative burden, it also represents a potential financial risk.

Each aspect of this tax management process can raise a multitude of queries, and until now companies have been faced with two expensive options - call in specialist high-cost tactical support from traditional tax accountancy firms, or attempt to deal with all day-to-day issues internally.

Because of the high cost of bringing in third party consultants, many organisations believe that managing these matters in-house is the only practical option. Yet the complexity and fluidity of the subject means that this approach can not only put an enormous burden on staff, but ultimately increases the risk of significantly high tax settlements, interest charges and punitive penalties.

But now Cobia can offer a genuine alternative, the Employment Tax Retained Services (ETRS) package.

A sensible alternative

The principle of our ETRS is simple – we offer organisations a comprehensive employment tax support service for a modest monthly fee, services that would otherwise attract significant one-off costs from any of the 'Big Four' accountancy firms. Amortising this potential overhead makes considerable commercial sense - we exploit economies of scale to offer sensible expert advice and personalised support to a range of organisations, and our customers have permanent access to a collaborative service that would otherwise be difficult to justify financially.

Ticking the boxes

Our ETRS offers the following operational benefits:

• Ethical tax and NIC efficiencies;
• Unlimited telephone and email enquiries;
• Access to experienced commercial advice;
• Accountable certainty of the technical position; and
• Onsite training to ensure clients make the most of the ETRS package.

For further information please contact the Cobia team on 0845 226 0580 or email info@cobia-uk.com