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Running a payroll This guide looks at some of the common payroll problems and choosing payroll software. Running payroll is one of the less glamorous aspects of being an employer. However, it is often the mundane tasks that are the most crucial. Failing to pay your...
As the financial controller or business owner, it’s likely to be your task to deal with the VAT inspector when he comes to call. So what records can he ask to see and how much power does he really have? Why are you being inspected? VAT officers can visit your...
Overview If you are not VAT registered, then you shouldn't need to worry about this section, unless of course you are approaching a level of revenue where you will be required to become VAT registered. Or maybe you are considering changing scheme or applying for a...
A guide to alternative business finance Setting up a business and funding it while it takes its first, unsteady steps in the world can be an expensive proposition. As it grows and becomes more resilient, a successful company will begin to be able to stand tall on its...
A guide to the finer points of auto-enrolment The process of auto-enrolment continues to rumble on quietly with the majority of companies passing their staging dates without major incident. However, for the few that fail to comply with their workplace obligations, the...
A guide to the new accounting standards that WILL affect your business. Accountants aren’t known for being in the business of change. While the external environment around them and the numbers coming in may change, an accountant brings stability and reliability to a...
Medical insurance paid by the employer, is considered to be a taxable benefit in kind by HMRC. It is a benefit (like cars and gym memberships) that the company paid on the employees behalf and is part of their employment or remuneration package. This has to be...
The rules for allowable business expenses are generally similar for limited and unlimited companies, with some subtle exceptions. Where there are differences - these are identified in the guide below. Childcare vouchers Fully allowable. Staff in the basic rate tax...
There are many reasons why you would not want your limited company anymore - perhaps things didn't go to plan and you need to start again or find a 'proper job' or perhaps they did go to plan and you want to cash in and retire! Strike Off When can you do this? In very...
Auto enrolment cannot be ignored; legislation clearly puts the responsibility firmly on the shoulders of employers to operate a Qualifying Scheme correctly for all their workers including some who would be otherwise self employed. Why? Most people are not saving...