Author Archives: Pauline

HMRC – Self-employment business expenses

Whether you’re newly self-employed or you’ve been in business for a while, there’s always guidance on expenses available from HMRC. Our short recorded webinars are a quick and easy place to start: Part 1: What are allowable business expenses? Part 2: Common business expenses Part 3: Simplified expenses. If you’d like a more interactive experience,

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What a no-deal Brexit means for your firm

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HMRC – What s new for employers in 2019?

Now is a good time to look at the key changes affecting payroll for the 2019-20 tax year. Employers – what’s new for 2019-20? Join this live webinar for an overview of ‘what’s new’ – including the new rates for National Insurance, National Living Wage/National Minimum Wage and Statutory Payments, changes to expenses and benefits

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HMRC Employers Bulletin

Reporting expenses and benefits Don’t forget that you’ll also need to tell us about and pay any Class 1A National Insurance contributions due on any expenses and benefits your employees received during 2018-19 (including the payrolled ones). If you registered online on or before 5 April 2018, and you are using the Payrolling Benefits in

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HMRC – Making Statutory Payments Clear

Whether you are a new or experienced employer, there’s plenty of free, up-to-date help available from HMRC. Here are some live webinars you can join. You can ask questions using the on-screen text box: Statutory Sick Pay: We’ll show you what to do when an employee is unable to work due to illness, how to calculate

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Croner Taxwise – Self-Assessment Penalties

Based on recent years HMRC will potentially issue at least 1 million late filing penalties.  It is important to be ahead of the game in terms of advising clients who have failed to meet the filing obligation and to be able to address disputes with HMRC. Finance Act 2009, Schedule 55 and Schedule 56 reformed

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EU Exit ? Update from HMRC

HMRC letter provides the latest guidance to businesses about the UK leaving the EU We have published our latest letter to UK businesses that trade only with the EU, with details of important actions they need to take and changes to be aware of in the event of the UK leaving the EU without a

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HMRC – Staff events, travel and trivial benefits

If you’re an employer who provides expenses and benefits to your staff, we have live webinars and online support specifically for you. You can ask questions during the webinars using the on-screen text box. Expenses and benefits – trivial benefits: Do you know what counts as a trivial benefit? This webinar uses examples to explain what

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HMRC – Employers find out what’s new for 2019

Now is a good time to look at the key changes affecting payroll for the 2019-20 tax year. Employers – what’s new for 2019-20? Join this live webinar for an overview of ‘what’s new’ – including the new rates for National Insurance, National Living Wage/National Minimum Wage and statutory payments, changes to expenses and benefits

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EU Exit ? Update from HMRC

The UK will be leaving the EU on 29 M‌ar‌c‌h 2019. Leaving the EU with a deal remains the Government’s top priority, however the government and businesses should continue to plan for every possible outcome including no deal. In December, HMRC wrote to VAT-registered businesses that trade only with the EU advising them to take

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Staff parties, maternity pay and sick pay

Our live webinars (online presentations) and online guides can help your business get payroll matters right. The webinars are free, interactive and you can ask questions using the on-screen text box. Expenses and Benefits – entertaining staff If you provide social functions, parties or subsidised meals for your employees, find out if the costs are taxable

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Important information for EMPLOYERS from HMRC

Paying HMRC Switch to Electronic We are encouraging all customers to pay electronically as it is safer, quicker and more cost effective. You can use the following methods: • Direct Debit • Online or telephone banking (including Faster Payments, Bacs, and CHAPS) • Debit/Corporate Credit card online. If you already pay electronically please review the reference

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HMRC – Statutory Sick Pay explained

Do you know if your employees are entitled to Statutory Sick Pay? Whether you’re a new or experienced employer, there’s plenty of free online help available from HMRC. You can join our live webinar (online presentation), where you can ask questions using the on-screen text box: Statutory Sick Pay: We’ll show you what to do when

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Let property relief fallout from the Budget

Analysis of the CGT situation for LPR changes for landlords.   In the October Budget, the chancellor announced changes which will impact on landlords’ capital gains tax position (where they are eligible for letting relief) from April 2020. These were:   the final period exemption will be reduced from 18 months to nine months. However the final period exemption

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HMRC – EU Exit ? Update from HMRC

Today we have published our latest letter on GOV.UK to help businesses that trade with the EU get ready to deal with customs in the unlikely event that the UK leaves the EU without a deal on 29 M‌ar‌c‌h 2019. This includes a version for businesses based in England, Scotland and Wales, and a separate version for

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AIA – a comprehensive first year allowance

An overview and worked examples of Annual Investment Allowance (AIA).   AIA is effectively a 100% first year allowance for business expenditure on qualifying plant or machinery.   The general rule is that qualifying expenditure is:   expenditure on the provision of plant or machinery wholly or partly for the purposes of a qualifying activity

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Refund Policy

For online payments taken via the Invoice Payment page, no refunds can be given as payment is only taken after my service has been provided.