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Payroll Management – How To Handle Payroll Taxes

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 …

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Tax Audit – What You Need To Know

Many businesses will face a routine tax audit from time to time. More serious tax investigations are likely if HM Revenue & Customs (HMRC) suspects your tax returns are inaccurate. Tax audits and tax investigations can be complex and very stressful. Unless you are very sure of your position, you should take professional advice as …

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Self Assessment: Income Tax Allowances & Reliefs

Income tax allowances and reliefs let you reduce the amount of income tax you have to pay. Income tax allowances and reliefs can apply to income from employment, self-employment, savings and investment, and property income Some allowances and reliefs will automatically be applied by HM Revenue & Customs when you submit your tax return. But …

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Everything You Need To Know About Corporation Tax

Corporation tax is charged on a company’s profits. If you trade as a limited company, you’ll want to ensure that paying corporation tax is as painless as possible – both in terms of paperwork and the total corporation tax payable. In terms of corporation tax rates, the UK rate is relatively low – significantly lower …

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Property Tax Overview by Small Business Accountants in Hounslow

In response to the ongoing coronavirus outbreak, the Government has announced that from 8 July 2020 until 30 June 2021 no stamp duty will be payable on the first £500,000 of a residential property purchase in England and Northern Ireland. The nil band will then drop to £250,000 until 30 September, returning to the normal level …

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