T1 Extension Payslip and Compilation Report Problem

[Caroline8866]

Hi all,

I will submit my extension documents in December.
Now I tried to arrange all the documents. Here are three questions I found.

1. 5 months payslip don't show the hourly rate. My accountant just put the unit as 1, the rate as 1 month salary. It cannot show how many hours employees worked. What I can do now?

2. As Zimba stated " the compilation is usually a page in each of your accounts". I checked my 2 years financial statement, there is no compilation report at all. How can I add compilation report to the last 2 years ? And are the financial statements different from unaudited accounts?

3. The director agreement is a legal document, is it must be signed by solicitor? Or I can write by myself?

Thanks in advance. Good luck.

[sheraz78]

Good Morning Caroline8866

The answer to your questions is as under
1) Please ask your accountant to make necessary amendments in payslips. If you have paid them through bank, then he should precalculate the product of number of hours worked in a month and hourly rate, ideally it should be equal to gross wages that you have paid in each of the 5 months. any small deviation, you can cover now as back pay.

2) Usually most of the softwares automatically put the accountant compilation report and make it a part of your accounts (Usually Compilation report page is after director report page in set of accounts). However, if your Accountant intentionally did not put the compilation report, It may be possible that he did not sent those accounts from his agent gateway id, rather he made your id and sent by that.
However, the gateway source is not an issue, you can ask your accountant to add the compilation report in your set of accounts. I believe he will do it.

3) No need to get signed by the solicitor.

Best Regards

[Caroline8866]

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[Caroline8866]

Good Morning Caroline8866

The answer to your questions is as under
1) Please ask your accountant to make necessary amendments in payslips. If you have paid them through bank, then he should precalculate the product of number of hours worked in a month and hourly rate, ideally it should be equal to gross wages that you have paid in each of the 5 months. any small deviation, you can cover now as back pay.

2) Usually most of the softwares automatically put the accountant compilation report and make it a part of your accounts (Usually Compilation report page is after director report page in set of accounts). However, if your Accountant intentionally did not put the compilation report, It may be possible that he did not sent those accounts from his agent gateway id, rather he made your id and sent by that.
However, the gateway source is not an issue, you can ask your accountant to add the compilation report in your set of accounts. I believe he will do it.

3) No need to get signed by the solicitor.

Best Regards

I have asked my accountant to amend the payslip. But she said it's the last accounting year, so she can't change it. what I can do now? what about write a declaration in accounts letter which verifying the new posts have been created?

[nasiaziz]

Good Morning Caroline8866

The answer to your questions is as under
1) Please ask your accountant to make necessary amendments in payslips. If you have paid them through bank, then he should precalculate the product of number of hours worked in a month and hourly rate, ideally it should be equal to gross wages that you have paid in each of the 5 months. any small deviation, you can cover now as back pay.

2) Usually most of the softwares automatically put the accountant compilation report and make it a part of your accounts (Usually Compilation report page is after director report page in set of accounts). However, if your Accountant intentionally did not put the compilation report, It may be possible that he did not sent those accounts from his agent gateway id, rather he made your id and sent by that.
However, the gateway source is not an issue, you can ask your accountant to add the compilation report in your set of accounts. I believe he will do it.

even if its last year ask her to divide the gross wages paid on the pay rate per hour your paying or have decided to pay and it will give you the number of hours which can stil be printed on the payslips..on submissions to hmrc only the amount wages is submitted and not the hours. so the amount of gross wages remains the same only it is converted into hours. its the wages submitted which cannot be changed because the year is locked.
3) No need to get signed by the solicitor.

Best Regards

I have asked my accountant to amend the payslip. But she said it's the last accounting year, so she can't change it. what I can do now? what about write a declaration in accounts letter which verifying the new posts have been created?

simply divide the gross wages on hourly rate it will giv u the number of hours which can be shown on the payslips..its the gross wages which cannot be changed once submitted and the year is locked..hours can be added at anytime.