From April 2015 your liability to pay Class 2 National Insurance Contributions (NICs) as a sole trader or self-employer person will be assessed annually when you submit your self assessment tax return. Payment will be made at the same time as your payment for tax and Class 4 NICs. …
There is a vast array of accounts software available for keeping your accounts which can be overwhelming if you don't know what you need to do or the best way of doing it. When you set up a business you need to record your trading income and your trading expenses. This is basic accounting and can be done by keeping a hand written record of your bank and cash transactions in a cash book. As your business grows you may find it a bit tedious to …
This month saw the launch of our HR advice line for our clients. Sometimes we are asked questions that need to be answered by an HR specialist …
If you are thinking about taking on your first employee there are some things you need to do. …
Business owners who are sole traders will probably have an accounting year which ended on 31st March. This date is in line with HMRCs tax year which ended on 5th April. …
