Tax Glitches

8 Methods to Overcome Tax...

8 Methods to Overcome Tax Glitches while Preparing Taxes Are you sick and tired of errors while preparing for tax? Whether it is self-assessment or corporate tax preparation, there is always a chance of a 0.1% error margin,…

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Recovery Loan Scheme

The Recovery Loan Scheme Explained

It’s been a tough time financially for many UK businesses over the past year. So, as we gradually begin to ease out of the pandemic, there’s likely to be an increasing need for extra funding to your business…

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Benefits of Digital Tax

Benefits of Digital Tax

Benefits of Making Tax Digital  The bold move by the UK government of Making Tax Digital has impacted both business owners and accountants. Just what is making tax digital? What are the benefits? Digital tax is the HMRC…

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Tax & NIC

Tax on gifts to employees...

Can directors and employees receive gifts from the company tax free?   Giving gifts to your employees can be a great way to increase engagement and raise the overall morale of your team. But how much can you…

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VAT Deferral Scheme

The VAT Deferral Scheme

VAT Deferral Scheme Have you joined the new VAT payment deferral scheme? Following a recent announcement by HMRC, it is no longer business as usual. It instigates that millions of taxpayers who deferred VAT payments in 2020 can…

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Business After Brexit

Business after Brexit

Business after Brexit For the last couple of years, there was uncertainty over the Brexit deal. Well, the confusion is now over as it is here with us. What now? Is it business as usual? Small to medium-sized…

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Tax & NIC

Tax and NIC Thresholds for...

Tax and NIC Thresholds for 2021 As a business owner, I’m sure you have been eagerly waiting for the HMRC news on the 2021/22 thresholds for income tax, statutory payments and national insurance contributions (NIC). They are among…

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Budget 2021

Crucial aspects of the Budget...

The main aspects of the Budget 2021 The long awaited budget is finally out and the chancellor really knuckled down on it really hard in his desire to recoup all the government expenditure incurred through the pandemic support.…

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SEISS

MORE HELP FOR SELF EMPLOYED...

The SEISS scheme introduced by the government in 2020 following the lockdown has been extended to September 2021 with a fourth and fifth grant. The self employed who will be eligible for the scheme will be contacted by…

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Payroll

Payroll and Pension

In recent years, managing pensions by payroll managers has become burdensome. Majorly, it is contributed to by auto-enrolment regulations and administration challenges. UK laws illustrate that every company must enrol all legitimate employees into an amicable pension program.…

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