The Government extended the corporation loss carry back scheme to enable companies to claim back losses against profits going back three years rather than just one.Read more
Employers are required to keep comprehensive payroll records of salary paid and deductions – income tax, national insurance and any student loans, payments made to the HMRC, employee leave / sickness absences, tax code notices. Read more
The need to register for with HMRC for PAYE will depend on two key pointsRead more
The Coronavirus Job Retention Scheme results in cash payments from government for part of the wages, associated national insurance contributions and employer pension contributions for employees who have been placed on furlough.Read more
We thought it would be helpful to provide a list of some of the FAQs we have received, along with our responses. We will update these as and when new details emerge.Read more
Robust accounting procedures will give you the information you need, when you need it.Read more
Many entrepreneurs use spread sheets to record their transactions. These can work in the simplest of situations...Read more
The Apprenticeship Levy will be imposed on certain UK employers to fund new apprenticeships.Read more
From April 2016, legislation was introduced providing clarity as to what small benefits are deemed to be trivial and therefore exempt from tax and reporting obligations.Read more