by Gary Woosey | Jun 4, 2024 | Blog, Finance, SME, SMEs
Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them. Many employers fail to consider statutory payments in addition to regular staff pay....
by Gary Woosey | May 28, 2024 | Blog, Tax
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses. Essentially, you borrow money from your own company that is not accounted for by one of the other profit extraction options. Director’s loans...
by Gary Woosey | May 21, 2024 | Blog, Employment, SME, SMEs, Tax
When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system! If you ask for employment and income history from new starters, this...
by Gary Woosey | May 14, 2024 | Blog, Property, Property News, Tax
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out. However, you may be able to claim some allowable tax reliefs and deductions. The level and type of relief will depend on...
by Gary Woosey | May 7, 2024 | Blog, HMRC, Scams, SMEs, VAT
HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484. What’s happening? The form, used by business owners to change VAT registration details with HMRC if unable to do so online, has...
