0800 140 4644
-
How much interest do HMRC charge?
HMRC expect everything you owe them to be paid on time and in full – but you already know that! Less well known though is they’re willing to help both personal and corporate tax payers if they’re unable to meet their obligations by the date due but, and this is important, you first must apply…
-
How to work out VAT
One subject us tax accountants get asked the most is Value Added Tax (‘VAT’). What in theory should be quite a simple tax is actually really hard for many business owners to administer in practice. In this article, we’ll cover everything from how to work out VAT to when you need to add VAT to…
-
What is HMRC Time to Pay (TTP)?
In the ten years and more since the financial crisis of 2008-2009, HM Revenue & Customs (HMRC) have agreed many more late payment plans to help out individuals and companies who temporarily do not have the money needed to settle their forthcoming tax bills in full. Self-employed individuals and directors can spread the cost of…
-
Building Business Resilience
Right now, a number of our clients are feeling that their resilience and their ability to rise to challenges in order to ensure their business continuity are being stretched to the limit. As a business owner myself, I can entirely empathise. We may be coming out of lockdown soon (in theory), but the effects of…
-
Five Employment Law Changes Coming In April 2021
With April swiftly approaching, there are many key changes in Employment Law. We highlight the five key ones below with employment tribunal, statutory sick pay, family leave, minimum wages and perhaps for us, most significantly IR35 changes.
-
Redundancy? Or What’s the Alternative?
The impact of coronavirus continues to be substantial, with many businesses across the UK facing significant business worries and little certainty on the edge of the horizon. In such a situation, employers therefore need to consider all eventualities, including potentially making people redundant, it is the only responsible thing to do. However, the problem with…
-
Preparing for a post-pandemic world
How much time have you given to preparing for a post-pandemic world? That may seem a challenging prospect while we find ourselves still in lockdown, with no confirmed end date, but it will come to an end in the not-too-distant future and the economy will start to open up again. So now is the time…
-
2020 Review
Traditional accounting tends to focus on the past, collecting information about what’s happened in order to pay last year’s tax bill. But we prefer to look at what’s going on now for our clients and focus on the future. That’s why we’ve been doing a lot of thinking about what 2021 will bring. The CBI…