Who could benefit from a crystal ball? Pretty much everyone right now! Sadly, we can’t offer that, but we do know that the financial data of your business can offer some good insights into what could and could not happen…
Continue reading Might you benefit from some outsourced bookkeeping support?
Tag: bookkeeping
Making Tax Digital – Are You Ready?
In 2015, HMRC proposed to move the recording of all tax to fully digital system which will affect all businesses no matter how large or small. The scheme known as ‘Making Tax Digital’ will change the way that all businesses and landlords liaise with HMRC.
Dividends or Salary/Bonus Payments?
For several years, dividends have proven to be a tax effective way for owner/shareholders to extract profits from their company. Whilst salary and bonuses are tax-deductible for the company, and will currently save 20% corporation tax, this saving does not fully offset the substantial costs of National Insurance contributions (NIC) which accrue when making payments through the PAYE system.
Auto Enrolment – An Overview
Many readers may be surprised to learn that auto enrolment has been in operation for large employers (250+) since 2012. The auto enrolment process will continue up to the final staging dates in 2017, but despite recent TV advertising campaigns from the Pensions Regulator featuring the larger than life character ‘Workie’, it seems some employers are still unsure or in some cases unaware of how this fundamental change may affect them and their employees.
Targets, Focus and Clarity
I can’t stress enough how important it is to hit the ground running in January and make sure you’re already on target for your goals and objectives. It’s far easier to hit your targets when each month’s results are in line with your projections.
Act Now To Keep HMRC Off Your Back
Most of us who are required to submit a tax return will be well aware of the impending due date of 31st January getting closer and closer. A mandatory £100 fine is given to all those who fail to meet it as soon as you cross midnight on 31st January, and further delays and the penalties can increase up to £1600.