Remembering all your companyâs filing and payment deadlines can be a big task, whether youâre a new startup founder or an experienced managing director. To give you a headstart (and to prevent you missing any deadlines and facing a penalty) weâve summarised all the key filing and payment deadlines coming up for Q4 of 2021. […]
In a world of multiple online channels and social media formats, video seems to be coming out on top. Social platforms like Instagram, Tik Tok and Facebook are all focused on making video central to their platform. Over 82% of internet traffic will be online videos by 2022, according to predictions by online giant Cisco. […]
Remote working has become more and more common as lockdowns have changed our working life and developments in technology have allowed us to communicate and collaborate no matter where we are. Remote work is on the rise, and offering flexibility to your staff can be an essential tool to both attract new talent and retain […]
Paying your tax bill on time can be a struggle. The HM Revenue & Customsâ (HMRCâs) penalty regime exists, to act as a deterrent for late payment and overdue submissions. But did you know that HMRC is planning to update and change its penalty regime? HMRC currently has different penalty regimes for late submission of […]
Are you self-employed? Or are you a partner in a trading partnership? If you are, you should be aware of the proposed changes to the accounting period for unincorporated businesses. HM Revenue & Customs (HMRC) is proposing to change the way that unincorporated businesses are taxed, moving from a âcurrent yearâ basis to a âtax […]
Youâll no doubt have seen the news of a rise in both employeesâ and employersâ National Insurance contributions (NICs). Itâs been a contentious move by the Government, with some people seeing the policy as a necessary way of generating extra revenue for the NHS and social care, and others questioning if a tax on workers […]
When you set up a new company, there are certain business taxes youâll be liable for as a business. But have you also planned for the personal taxes you must pay as a director? As a company director, itâs not just the companyâs corporation tax that you have to pay. You also need to pay […]
The pandemic has been a tough time for UK businesses, with sales down, revenues cut and cashflow on a precarious knife-edge. To help support UK businesses through this difficult period, the Government offered the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan (BBL) schemes. But with both of these schemes now closed, […]
For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]
Once you become an employer, youâll need to set up a pay-as-you-earn (PAYE) scheme. All businesses that employ people earning above the National Insurance (NI) lower earnings limit (ÂŁ120 per week) must register with HM Revenue & Customs (HMRC) as an employer and operate their own PAYE scheme. This applies even if youâre a company […]