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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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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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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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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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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Workplace pension re-enrolment – how does it work?

Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there.

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Furlough fraud warning after arrests

Employers have been warned that businesses abusing the furlough scheme will face action from fraud investigators.

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HMRC publish new guidance on delayed customs import declarations

New Government advice will help traders submit customs import declarations for non-controlled goods imported from the EU, it has been announced.

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Work from home tax relief: what employees need to know

It was confirmed this April that employees can continue to claim tax relief on work from home costs not reimbursed by employers, but only if they make a new claim for the 2021/22 tax year.

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‘Historic opportunity’ to build a stronger economy

The UK should seize the chance to emerge from the pandemic with a stronger, fairer and more resilient economy.

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