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...

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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 makes the FPS...

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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...

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Child Benefit Claw Back

If you or your spouse/partner claim child benefit, and at least one of you has adjusted net income of £50,000 or more for the year, the highest earner must declare the benefit on their tax return in order to pay back part or all of the child benefit as a tax charge....

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Workplace Pension / Automatic Enrollment Changes

Minimum pension contributions will increase on 6th April 2019 What you need to do It is your responsibility under the Pensions Act 2008, to make sure the right minimum contributions are being paid for your staff. If you are already paying above the increased amounts,...

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Benefits of Cloud Accounting

Cloud-based services have been rapidly growing in popularity in recent years, with businesses of all types taking advantage of the many benefits cloud platforms can offer. Here are five ways cloud accounting could benefit your business. Accessibility Cloud-based...

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What Is Making Tax Digital

Making Tax Digital (MTD) is the most fundamental change to the administration of the tax system for at least 20 years.The essential elements for businesses and landlords are: Paper records will no longer be sufficient: It will become mandatory for almost all...

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Corona Update

We understand that many of our clients are worried about the potential impact on your businesses of the measures central government are taking to control the outbreak of the Covid-19 virus.

We are in a similar position and trying hard to keep abreast of the most up to date information as it arises.  We have created a dedicated page to pass on what we can to clients as quickly as possible and it will continue to be updated regularly. Please click the read more button for further info

You can find the latest official information from the government via their website here:

https://www.gov.uk/coronavirus
Information specific to businesses can be found here:

https://www.gov.uk/coronavirus/business-support