COVID Business Guidelines Last updated 10th November. Please note: This page is updated regularly as we become aware of new advice and support. A hub of advice and support during the COVID-19 pandemic. Furlough Scheme Extended. Details for Employers The Job Support Scheme that was due to come into effect on 1st November has been […]
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HMRC have created a series of free webinars to help and support the self-employed. From Capital Allowances to Income Tax they have a wide range of resources ready to help. Join the other thousands of business owners who have benefited from their training by signing up today. Capital Allowances for the Self-employed Tuesday 10th May 09:00 […]
Read moreThe End Of The Tax Return
The government are putting in place a system to replace the outdated tax return. This system enables individuals and businesses to create “Digital Tax Accounts”. This has been created as a way of modernising the tax system. Much like an online bank account you will have all your details in one place and you will be […]
Read moreDo you offer apprenticeships to young people in the UK? From April 2016, employers of apprentices under the age of 25 will no longer need to pay secondary (employer) Class 1 NICs on earnings below the Upper Earnings Limit (UEL). The consultation exercise to define the meaning of “relevant apprentice” for the purpose of the […]
Read moreGuest Blog – Tax Tips and News from our Accountant Friends at Leavitt Walmsley & Associates
Thank you to Leavitt Walmsley & Associates for sharing their latest tax tips and news with us. Tax Reconciliation HMRC has started the tax reconciliation process for the majority of taxpayers who are taxed under PAYE. This may include you or your relatives, as this reconciliation also covers those in receipt of the State Retirement […]
Read moreWhat bookkeeping is and why it’s so important
Legally you have to keep track of the money that comes in and out of your business, this is called bookkeeping. This way you stay organised, you comply with HMRC and it can help you with financial forecasting. Without up to date, accurate information, a business can make bad decisions which can damage its own […]
Read moreFree HMRC Webinars
HMRC are running a series of webinars on a range of subjects from online tax returns to capital allowances. Feel free to take a look at their e-learning Working for yourself for help and support. It includes a section on paying HMRC and the payment deadlines of 31 July and 31 January. Here is a […]
Read moreKey updates from HMRC – June 2015
Catch up with the Budget announcements Take a quick look at some of the announcements made by the Chancellor on 18 March 2015 Employer Bulletin issue 53 now available The bulletin contains useful information about PAYE processes and procedures including Budget announcements. To find out when the next issue is available – register to receive the […]
Read moreFrom 8th June the DVLA will stop issuing the paper counterpart and those that currently exist will no longer be valid. If your business or organisation conducts checks on driving licences for customers or employees then you need to be aware of the change. Read the InsideDVLA blog for further information. Driving licence holders can […]
Read moreDid you know that self employed bookkeepers have to be supervised by law? Bookkeepers are classed as Accountancy Service Providers (ASP’s) and must be registered. You must register directly with HMRC (and pay a fee) unless you are supervised by one of the following bodies:- Association of Accounting Technicians Association of Chartered Certified Accountants Association […]
Read moreNew Free Webinars available from HMRC
HMRC webinars last just one hour and cover a range of topics such as Business Expenses for the Self Employed, VAT, PAYE, Company Director Responsibilities, Importing and Exporting, Capital Allowances for the Self Employed, Shared Parental Leave, Expenses and Benefits, Constructions Industry Scheme, Property Income and much more. You can head over to HMRC’s website […]
Read moreThe ‘new place of supply’ rules took effect on 1st January 2015 and affect supplies of digital services to consumers within the EU. Click here for more information regarding VAT MOSS VAT MOSS 2015 If VAT MOSS affects you, the first Return and payment are due by 20th April 2015 – unlike UK VAT Returns, MOSS Returns […]
Read moreBasic PAYE tools from HMRC
If you employ less than 10 staff, you can use HMRC’s basic tools software at no cost. The system calculates PAYE & NIC and helps you calculate other statutory deductions such as Maternity pay and sick pay. For more information, go to http://goo.gl/dTuLB4
Read moreFree Training from HMRC
Click on the links to book:- 17 April at 10:00 Employers – How to Avoid In-Year Penalties 17 April at 14:00 Statutory Sick Pay 20 April at 12:00 Using Basic PAYE Tools (for 9 or fewer employees) 20 April at 14:00 Company Directors – Your Responsibilities to HMRC 23 April at 13:00 Getting Started as […]
Read moreI need to pay an employee who has already left
If an employee has left, you need to raise their P45 as soon as possible. Sometimes, however, there are payments due the following month such as bonuses, commissions etc. The employee may have already begun another job by then. Here’s what to do:- Re-employ them within your payroll software and select the option to state […]
Read moreIt is unlikely as an employer that you will have to pay national insurance for any employees under 21 years of age. From 6th April, use the national insurance category M for all under 21’s*. Employer National Insurance contributions for employees under the age of 21 will no longer be payable on earnings up to […]
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