The coronavirus (COVID-19) pandemic that began in China and spread rapidly around the globe has caused major disruption to businesses and economies worldwide. The UK government has responded to COVID-19 with measures aimed at delaying its spread and mitigating damage to the economy with a substantial stimulus package. Chancellor Rishi Sunak has set out a package… Continue reading COVID-19: Measures for UK businesses
I must admit that for most of my career to date I didn’t really think much about maternity leave and pay. While training to be an accountant, just getting on with the job (apologies if that sounded a little like Theresa May!), it wasn’t really on my radar. There did however come a point when… Continue reading MATERNITY LEAVE AND PAY
We all know it is very important to pay your taxes to HMRC by their deadlines to avoid any late payment interest and penalties. The statutory deadline for paying Employers PAYE liability is the 22nd of the month – or the 19th if paying by cheque through the post. Different ways to pay your PAYE… Continue reading Extending your PAYE payment deadline the easy way
From 6 April 2016, HMRC have introduced a new relief which is designed to save Employers money if they employ Apprentices. If you employ an apprentice you will not need to pay employer Class 1 national insurance contributions (NICs) on their earnings up to £827 a week (£43,000 per annum) which will obviously save you… Continue reading National Insurance & Apprentices.
2013-14 Payroll Year End Due to the introduction of RTI submissions this year the year end submission is more straightforward and therefore the deadline is now 19 April 2014. Please note that if your pay day is a Saturday then you will have a Week 53 for Saturday 5 April 2014 which must be processed… Continue reading Payroll A Timely Update
It is very tempting when running your own business to save a bit of cash by sorting all of your own finances. It can’t be that hard, you think. Add up sales here make deductions here, then work out the VAT, do your tax returns fill out the forms, arrange audits, calculate fixed… Continue reading What do you actually pay accountants for? Let’s be honest…