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.
The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date.
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.
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.
Cloud accounting is simple, fast, and efficient. So why are so many businesses refusing to make the switch?
Some 2.8 million people took advantage of the Self-Employment Income Support Scheme (SEISS) in the last year, the latest figures have revealed.
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.
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.
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.
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
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.
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.
Tariffs on some imported goods will be partially or wholly suspended to help UK firms become “more globally competitive”, it has been revealed.
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.
Sixty per cent of small businesses (SMEs) are planning to recruit more staff over the coming months as we emerge from lockdown.