For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for … Continue reading
Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?
Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that Chancellor Rishi Sunak has frozen the IHT nil rate band and … Continue reading
Eight New Year’s resolutions that businesses should follow
Every year many of us decide to set a New Year’s resolution. Perhaps it is losing weight, going vegetarian or putting extra money away in your savings. Of course, inevitably, life can get in the way and it is easy … Continue reading
Prepare now for the final stage of MTD for VAT
The final stage of Making Tax Digital (MTD) for VAT is just a few short months away. From 1 April 2022, even the smallest VAT registered business will need to comply with the quarterly digital recording and reporting of VAT … Continue reading
Take advantage of the extension to the Recovery Loan Scheme
Find out how your businesses can benefit from this Government-backed funding. Although much of the COVID-19 financial support has been withdrawn, the Government still wants businesses to access funding to aid their recovery. That is why the Chancellor, Rishi Sunak, … Continue reading