PAYE Explained

You need to set up a Pay As You Earn (PAYE) system if you have employees, or if you are a limited company (as you are counted as an employee). Make sure you’ve registered as an employer with HMRC before you set it up. What is PAYE? PAYE is the system used for...

Late Payroll Filing Penalties

Late Filing Penalties From 6 October 2014 the HMRC computer will automatically issue you with a penalty if you submit your full payment submission (FPS) under RTI “late”, or don’t submit it at all for a month in which you paid your employees. So what...

10 Steps to cashflow heaven

1. Set cashflow targets One way of controlling cashflow is by preparing and maintaining a cashflow forecast. Andrew Johnson, financial controller for telephone conferencing provider Powwownow, advises that this can be updated weekly, to provide an accurate outlook for...

How to Manage Performance

How to Manage Performance A key to any business is how your staff perform. The aim of managing performance is to continuously improve the performance of individuals and that of the organisation. It involves making sure that the performance of employees contributes to...