When you registered to become VAT registered you will have the option to choose the Flat Rate Scheme. It is worth considering whether this is a suitable scheme for your business because their are benefits to using it in your first year of VAT registration. …
Sole traders and partnerships who do not currently have a 31st March year end will see a change in their reporting period to meet HMRC new rules for reporting profits based on the tax year and not their accounting year. …
There are many benefits to outsourcing your payroll and once you do you may be surprised at how cost effective it is.Here are just a few of the benefits …
If you reimburse your employees mobile phone expenses you could be providing them with a taxable benefit which could be subject to tax and NI. …
If you find it difficult to pay your tax bill due in January and July each year you can choose to make regular payments throughout the year instead. …
