Sick Pay or Holiday Pay?
As an employer you may be unsure whether your employee can take holiday when they are off sick. Employees can request that they use their holiday during periods of sickness instead of receiving sick pay. …
Simplified Expenses for Sole Traders
If you are a sole trader preparing to file your tax return did you know that some of your business expenses can be calculated using HMRC's rules for simplified expenses? This includes motor vehicle costs and working from home which can often be time consuming to keep records of. …
Do you pay approved mileage rates for business journeys?
As an employer you can pay your employees for mileage incurred when they are using their own car to travel on business. HMRC sets out the rates you can pay without the payment being subject to tax and NI. The approved rate is …
We are ready for MTD - are you?
Making Tax Digital for VAT is less than 6 months away. We are ready for it and have made sure all our customers know what changes they need to make too. Are you ready for MTD? …
Sole Trader or Limited Company?
When you start out in business it is difficult to know whether to be a sole trader (self-employed) or a limited company. And many will wonder what the difference is and whether there are advantages of one over the other. A few years ago it was said that it was more tax efficient to be a limited company but these days there really isn't much difference in tax savings between the two. So how do you decide? …
