What is RTI for Payroll?


Whether you employ one worker or one thousand, Real Time Information (RTI) for payroll helps businesses stay on top of compliance and ensures employees pay the correct amount of tax.

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OTS to consider “benefits and implications” of moving tax year end date


The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date.

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Now is the time to prepare details of your taxable benefits


The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.

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Workplace childcare vouchers – get the best out this scheme during COVID-19


As many employees began working from home during the height of the coronavirus pandemic, they used less paid childcare, as many before school clubs and nurseries were closed. 

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Five ways cloud accounting could boost your business


Cloud accounting is simple, fast, and efficient. So why are so many businesses refusing to make the switch?

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New figures highlight success of coronavirus support schemes


Some 2.8 million people took advantage of the Self-Employment Income Support Scheme (SEISS) in the last year, the latest figures have revealed.

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HMRC letters remind businesses of VAT payments change


Reminder letters are being sent out to tens of thousands of UK companies explaining changes in the Making Tax Digital (MTD) system and how it affects them.

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Deadline to pay deferred VAT or arrange payment plan “fast approaching”


The deadline to pay deferred VAT or arrange a payment plan is “fast approaching”, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned.

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Register for Making Tax Digital for VAT or risk penalties, HMRC warns


Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.

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Company Cars: What you need to know before choosing a vehicle


Company cars have remained a popular employee benefit for many years to retain and reward hard-working employees. Given the complexity of the tax regulations and incentives surrounding company cars in more recent years, companies and employees are finding them less

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Bounce Back Loan Scheme fraud rising


The Bounce Back Loan Scheme (BBLs) which has been described as a ‘giant bonfire’ of taxpayers’ money by a senior banker, has seen fraud investigations rise by more than 50 per cent in some areas.

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Cash basis versus accruals basis


If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business.

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UK to roll out independent tariff suspension scheme


Tariffs on some imported goods will be partially or wholly suspended to help UK firms become “more globally competitive”, it has been revealed.

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Claim up to 50 per cent off business software under new Help to Grow scheme


Small and medium-sized firms could get a discount of up to 50 per cent on the costs of business software under the new Help to Grow scheme, it has been revealed.

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Six out of 10 firms to employ more staff


Sixty per cent of small businesses (SMEs) are planning to recruit more staff over the coming months as we emerge from lockdown.

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