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 | Apr 30, 2024 | Blog, HMRC, SME, SMEs, Tax
If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) – at least once every three months. Your VAT return is a critical component of...
by Gary Woosey | Apr 16, 2024 | Blog, Finance, Payroll, Tax
With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around pay, holiday and tax. The new financial year is a busy time for employers and business owners, so we’re here with the most...
by Gary Woosey | Apr 9, 2024 | Blog, Finance, SME, SMEs, Tax
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment. From 8 April 2024, HMRC will no longer send out a letter notifying...
by Gary Woosey | Apr 2, 2024 | Blog, Finance, Scams, Tax
April Fool’s Day, a time of jokes and jests, may have been and gone… But it just so happens that April Fool’s Day falls just before the start of the new tax year (6 April) when numerous businesses will be targeted by tax avoidance scams, phishing attempts and...
