Source: HMRC Do you pay expenses or provide benefits to any of your employees, including directors? HMRC’s live webinars will give you the latest information on how to deal with tax and National Insurance regarding expenses and benefits. You can ask questions using the on-screen text box. Expenses and benefits for your employees – phones,
Source: HMRC Engaging workers through agencies and umbrella companies can present a number of risks for employers. Tax fraud, incorrect payment of the minimum wage and reputational damage are just some of the ways things can go wrong Umbrella companies and common risks for employers – a HMRC NMW webinar with GLAA and EAS HMRC
Source: HMRC There’s a wide range of expenses and benefits received by employees – including directors. If you’d like more information on how to deal with such payments and how it affects tax and National Insurance, join our live webinars – during which you can ask questions using the on-screen text box. Expenses and benefits
HMRC’s National Minimum Wage (NMW) team are delighted to be offering for the first time, live webinars about salaried hours work and the National Minimum Wage. Our constant review of questions received during our programme of live webinars gave us real insight into what our customers wanted from us, so you asked, and we did.
Please can you ensure karen@taxreturnonlineservices.co.uk jackie@taxreturnonlineservices.co.uk pauline@taxreturnonlineservices.co.uk karen@taxreturnonlineservices.com Are all added to your safe emails in your email provider to ensure that our emails do not go to Spam, we seem to be having a few issues especially with gmail accounts. Thank you for your co-operation in this matter. If you have not already filed
Source: HMRC Please note that the following live webinar is only for those VAT registered businesses operating in the construction sector. How to apply the VAT reverse charge for construction services This live webinar provides information about: When to apply the VAT reverse charge How to show the reverse charge on your invoices What to
Source HMRC All employers in the UK have a responsibility to prevent illegal working. You do this by conducting simple right to work checks before you employ someone, to make sure the individual is not disqualified from carrying out the work in question by reason of their immigration status. Anyone who is employed as an
Unlike the term Solicitor, Independent Financial Adviser (IFA) or Architect, the word Accountant is not protected. Yes an unqualified solicitor can lose you money, lose your rights, even lose your property so it is important that a solicitor is formally qualified so you are protected. Yes an unqualified IFA can lose your cash in a
If you are due a rebate you will receive this within a few weeks – why let the revenue hold onto your money. If you owe tax – you will NOT have to pay it any earlier if you submit your return early. Tax is still due on 31st January and you will have the
The link below shows the new penalties and interest for late submission of VAT from the 1st January 2023. VAT penalties and interest – GOV.UK (www.gov.uk)
Source: True Potential Start the 2023/24 tax year right. Our expert panel share their top tips on how to do more with your money using the new opportunities and allowances available. It is an exciting time for investors, with significant Pension changes that could help to power up your retirement. Now is the time to
Source HMRC Use these rates and thresholds when you operate your payroll or provide expenses and benefits to your employees. Top of Form Get emails about this page Bottom of Form Contents 1. PAYE tax and Class 1 National Insurance contributions 2. Tax thresholds, rates and codes 3. Class 1 National Insurance thresholds 4. Class
Source: The QuickBooks Team Chancellor Jeremy Hunt has delivered his Spring Statement amidst the backdrop of a cost of living crisis and the ongoing challenge of inflation. It appears there’s reason to be hopeful as the Chancellor announced that the UK economy is performing better than expected. The OBR forecasts that the economy will contract
Support from HMRC On 1 April 2023, the government will increase the National Living Wage (NLW) for workers aged 23 years and over by 9.7% to £10.42. This 92 pence increase is the largest ever cash increase to the NLW. Changes to the other National Minimum Wage (NMW) rates can be found on GOV.UK. You
Changes to VAT penalties and interest charges if you submit a VAT Return for an accounting period starting on or after 1 January 2023. https://www.gov.uk/government/collections/vat-penalties-and-interest
On 1 April 2023, the government will increase the National Living Wage (NLW) rate for workers aged 23 years and over by 9.7% to £10.42. This 92p increase is the largest ever cash increase to the National Living Wage. Changes to the other National Minimum Wage (NMW) rates including % increases are below. National Living
1. Create a system to track your mileage The first step to tracking mileage for taxes is understanding that you’re eligible. In nearly all cases, anyone who is driving their personal vehicle for work can take a tax deduction for those miles as long as they aren’t being reimbursed elsewhere. As an Independent business owner,
Source – Quickbooks Income tax bands frozen until April 2028 Income tax rates and personal allowances will remain at the same level until at least April 2028 as part of the fiscal drag, resulting in more workers falling into higher tax brackets as wages increase with inflation. Meanwhile, the threshold at which people start
Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital for Income Tax from 6 April 2024. I have produced some basic spreadsheets for you to use which have been supplied but at the moment we do not know if these are adequate
However, this does not mean that they are qualified for the task. Choosing an Account is not a task to undertake lightly. The term Solicitor, Independent Financial Adviser (IFA), Architect, these are protected, unlike the term Accountant, which is not protected. There are no restrictions for protection for the term Accountant, therefore, anyone can
Read More >> In his first fiscal statement since taking office, Chancellor Kwasi Kwarteng used today’s ‘mini-Budget’ to deliver a package of more than 30 measures he said would tackle high energy bills, drive down inflation and cut taxes to drive growth. Comment: New government rolls the dice with mini-Budget NICs rise shelved: Reversal or
Read More >> As the cost of living crisis continues to cause havoc, the Bank of England has pulled the trigger on yet another historic interest rate increase. Source: accountingweb
Please note if you are sending your information to us already then you are already filing under MTD rules this only applies to clients who are filing their OWN returns. FROM Tuesday 1 November 2022, you’ll no longer be able to use your existing VAT online account to submit your VAT returns. By law, you must
WhatsApp ‘friend of family member in need’ scam Scammers have been messaging WhatsApp users claiming to be a friend or family member in need of help. They’ll claim they have a problem with their phone and that they’re contacting you on a temporary number. They then
Register now for our new directors’ responsibilities webinar. We’ll be joined by HMRC who will be discussing corporation tax, company and personal responsibilities to HMRC, changing from self-employment to a limited company, and much more. Live on 24 August at 10:30am to 11am, our expert panel will be available to answer your questions about directors’ responsibilities. With