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 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...

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 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...

Christmas is a time of bonhomie and generosity, manifesting in the workplace through the renowned tradition of employee gift-giving and the office Christmas do. But without sounding like Scrooge at Fezziwig's party,these activities are still part and parcel of...

Ten of the most terrible excuses for missing the 31 January tax return deadline have been revealed by HM Revenue and Customs (HMRC). Many of the excuses claim it was someone else’s fault – pets, girlfriends, work colleagues and even the President of the United States...

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....

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,...

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...