Falling foul of the National Minimum Wage rules can be expensive – as well as having serious implications for employer reputation. Many firms have been named and shamed for getting it wrong - are you compliant? Employer errors The National Minimum Wage (NMW) keeps appearing in the headlines. Recently the Department for Business, Energy and… Continue reading National Minimum Wage – where are we now?
The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated. According to the press release: 'The review's recommendations, which will now be progressed and legislated for where necessary, will see: automatic enrolment duties continuing to apply to all employers, regardless of… Continue reading Proposals to extend pensions auto enrollment to younger workers
The following Tax Events are due on 31st January 2018: Personal Tax Events Deadline for submitting your 2016/17 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2016/17 liability together with the first payment on account for 2017/18 are also due. This deadline is relevant to individuals who… Continue reading 14 Days left to submit your 2016/17 self assessment return
It's not important whether the vehicle is a van. What's important is that it's not a car. For VAT purposes it will be a car if: It is of a kind normally used on public roads, has three or more wheels and either: is constructed or adapted for carrying passengers; or has roofed and windowed… Continue reading When is a van not a van?
The following Tax Events are due on 19th January 2018: Business Tax Events PAYE quarterly payments are due for small employers for the pay periods 6th October 2017 to 5th January 2018 This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions… Continue reading Tax Events are due on 19th January 2018
Happy New Year! This is the 1st post of the year & hopefully it will help you to start thinking about how to organise your business over the next 12 months. As we are all aware, Making Tax Digital is fast approaching meaning you need to have bookkeeping software in place for your business that… Continue reading Why do I need to keep my bookkeeping up to date?