We’ve included useful tools and calculators, but most employers find it easiest to get professional payroll help. Your accountant can advise you on what system would suit you best and the services on offer. Payroll tax and PAYE Payroll taxes are generally collected through the PAYE (Pay As You Earn) system operated by employers. If you have …
Payroll Management – How To Handle Payroll Taxes Read More »
Imagine how much time you would have to attend to other business issues if you allow small business accountants to help you with your financial needs. I bet Accounting can be such an uphill task, especially when you do not know what things to do. The worst part? It will make your business financially unstable. …
Trust Small Business Accountants To Take Care Of These 5 Financial Issues For You Read More »
Following the Prime Minister’s announcement that England will enter a national lockdown from 5 November 2020 to 2 December 2020, the Coronavirus Job Retention Scheme, which was due to come to an end on 31 October 2020, has been extended for a month and will continue to be available during November. As a result, the …
The Covid-19 pandemic has meant that more employees worked from home than ever before. This trend looks set to continue following the Government’s latest advice to continue to work from home where you can do so. Further, many business plan to embrace flexible working beyond the end of the pandemic, allowing employees to work from …
Employees, can you claim tax relief for expenses of working from home? Read More »
Before the Government U-turn, many employees had started to return to office-based jobs. Where the employee had previously worked from home and had been provided with homeworking equipment, there may be tax implications to consider if the employee is allowed to keep the equipment for personal use. The tax implications will depend on the way …
Homeworking equipment and returning to the office Read More »
In June 2020, the Government announced that it was making funding available to customs intermediaries and businesses to help increase their capacity to make customs declarations. Broadly, businesses need to prepare ahead of new procedures coming into play in 2021 following the end of the UK’s EU withdrawal transition period. As well as injecting a …
Preparing for 2021 changes: Customs grants available Read More »
In the July Economic Statement, as part of his Plan for Jobs, Chancellor Rishi Sunak announced that a new Kickstart Scheme would shortly be launched with the aim of creating hundreds of quality jobs for young people aged between 16 and 24 years old. The details of the scheme have been slow coming, but it …
As the Coronavirus Job Retention Scheme draws to a close, employers may face the difficult decision to make some employees redundant. Legislation was introduced at the end of July to protect furloughed employees. Entitlement An employee is entitled to statutory redundancy pay if they have at least two years’ continuous employment when they are made …
Statutory redundancy pay and furloughed employees Read More »
