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How Can An Accountant Help Increase Your Profits

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  • Admin
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  • How Can An Accountant Help Increase Your Profits
  • Posted date:
  • 31-10-2022
How Can An Accountant Help Increase Your Profits

How can an accountant help increase your profits? Find out how your accountant can help you increase your profit. One of the main priorities for owners of small businesses is boosting profits. Bringing more capital into your company is a primary driver of growth, allowing you to expand your operations and build a successful business. Most will look internally at their systems and processes to streamline their business to greatly boost productivity...

Posted by:Admin on:2022-10-31 10:46:57 Read More

How To Work Out PAYE For A Small Business

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  • How To Work Out PAYE For A Small Business
  • Posted date:
  • 07-09-2022
How To Work Out PAYE For A Small Business

Find out more about how to work out PAYE for a small business. We look at how is PAYE calculated and why employers PAYE. PAYE (Pay As You Earn) is a financial system that large and small businesses use to ensure the people they employ pay the correct amount of Income Tax and National Insurance Contributions.  It's become a crucial part of payroll for companies, given its ease and efficiency of use, ensuring your employees pay...

Posted by:Admin on:2022-09-07 10:39:18 Read More

Who Needs Bookkeeping Services

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  • Admin
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  • Who Needs Bookkeeping Services
  • Posted date:
  • 07-09-2022
Who Needs Bookkeeping Services

Who needs bookkeeping services? This article asks: does your business needs bookkeeping services? Find out more about when you  should hire a bookkeeper. Small business owners take great pride in the fact they've built themselves from the ground up. This fierce independence is a natural benefit when starting, as it keeps costs low and allows for greater control over operations. But as any small business grows, so do the responsibilities...

Posted by:Admin on:2022-09-07 10:24:33 Read More

What Is Capital Gains Tax Allowance

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  • What Is Capital Gains Tax Allowance
  • Posted date:
  • 07-09-2022
What Is Capital Gains Tax Allowance

This article looks at: what is capital gains tax allowance? Find out who needs to pay capital gains tax and when you need to pay CGT?  Most people here in the UK are only aware of the types of tax they have to pay, for example, if they work through the PAYE system. Income Tax, National Insurance Contributions, Stamp Duty and Inheritance Tax are some of the most common ones that everyone will have heard of. But what do people know...

Posted by:Admin on:2022-09-07 10:13:45 Read More

Tax Efficient Ways To Pay Yourself As A Business Owner

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  • Tax Efficient Ways To Pay Yourself As A Business Owner
  • Posted date:
  • 12-07-2022
Tax Efficient Ways To Pay Yourself As A Business Owner

 What is the most tax efficient way to pay yourself as a business owner in the UK? We look at how much to pay yourself and typical business owner salary. Depending on how your business is structured, you will have to pay yourself and your taxes in a specific way. For example, if you've done nothing to turn your business into a limited company, you will automatically have to pay yourself as a sole trader or self-employed...

Posted by:Admin on:2022-07-12 11:02:11 Read More

How Can I Avoid Paying Business Taxes

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  • How Can I Avoid Paying Business Taxes
  • Posted date:
  • 12-07-2022
How Can I Avoid Paying Business Taxes

Find out how you can avoid paying business taxes in the UK. We look at the top ways to reduce your corporation tax bill legally. To ensure your small business is running in a financially beneficial way, you want to make sure your operations are arranged in the most tax-efficient way.  This means finding legal and legitimate ways to reduce the small business tax you pay to HMRC. You will want to do this as a small business owner...

Posted by:Admin on:2022-07-12 10:25:18 Read More

What Tax Does A Small Business Pay

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  • What Tax Does A Small Business Pay
  • Posted date:
  • 12-07-2022
What Tax Does A Small Business Pay

Are you looking for information about what tax a small business needs to pay in the UK? Find out more about PAYE and the types of tax expected for a small business to pay. There are several types of small business taxes that companies that fall into this category have to pay HMRC in the UK. The tax small businesses pay is determined by several factors, such as your business assets and whether it has any employees or not. The types...

Posted by:Admin on:2022-07-12 09:41:54 Read More

How Do Small Businesses Manage Payroll

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  • How Do Small Businesses Manage Payroll
  • Posted date:
  • 11-07-2022
How Do Small Businesses Manage Payroll

Find out how small business manage payroll in the UK. We look at what   payroll is needed for and payroll options for small business. The original conception of payroll was a list of a company's employees and the amounts they were due to be paid each month. However, as times change and the demands of businesses change with them, payroll processing has evolved to include more aspects of an employee's working relationship...

Posted by:Admin on:2022-07-11 15:50:36 Read More

How Do You Calculate Payroll

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  • How Do You Calculate Payroll
  • Posted date:
  • 11-07-2022
How Do You Calculate Payroll

How do you calculate payroll? We look at how to calculate take-home pay, salary before tax and taxes in the UK. Find out all you need to know about UK payroll. Whether you've just started a new job or are wondering how much of a pay rise to ask for, calculating your take-home pay after tax gives you a better idea of what you'll have to work with every month. There are many online tax calculators you can use to figure this...

Posted by:Admin on:2022-07-11 14:46:51 Read More

Who Needs To File Tax Returns

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  • Who Needs To File Tax Returns
  • Posted date:
  • 25-04-2022
Who Needs To File Tax Returns

If you are self-employed or starting a new business, you may be unsure of who needs to file tax returns. This article looks at the responsibility of business owners to inform HMRC of their earnings. It can be stressful and confusing to file tax returns. We hope that the information below will help find out who should send them, what a Self Assessment is, how to register for one, important deadlines, and what records to keep.  You...

Posted by:Admin on:2022-04-25 10:48:11 Read More

Who Gets Investigated By HMRC

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  • Who Gets Investigated By HMRC
  • Posted date:
  • 07-04-2022
Who Gets Investigated By HMRC

Have you considered: Who gets investigated by HMRC? Find out more about the HMRC tax investigation procedure and how to find out if HMRC is investigating you. You will not immediately be notified if HMRC begins looking into your tax affairs. Once this part of the process is over, if HMRC decides to investigate you formally, you will receive either a letter or phone call from a specialist HMRC team. They will need information, asking...

Posted by:Admin on:2022-04-07 10:49:54 Read More

How Far Back Can HMRC Go Back For Tax

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  • How Far Back Can HMRC Go Back For Tax
  • Posted date:
  • 06-04-2022
How Far Back Can HMRC Go Back For Tax

When considering your tax returns, a question often asked is: how far back can HMRC go back for tax? This article looks at what HMRC needs to look at and how long you need to keep records for. HMRC holds the right, at any point, to check your affairs. This is done in order to make sure that you are paying the correct amount of tax.  If your business is selected for an official HMRC tax investigation, then you will receive an...

Posted by:Admin on:2022-04-06 14:03:28 Read More

Why Is It Important To File A Tax Return

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  • Why Is It Important To File A Tax Return
  • Posted date:
  • 06-04-2022
Why Is It Important To File A Tax Return

As a business owner, you will need to b aware of your responsibilities when filing tax returns. This article looks at why it is important to file a tax return. Only a select few people are required to file Self Assessment tax returns. Those employed and paying tax through the Government's Pay As You Earn (PAYE) scheme do not need to file Self Assessment tax returns.  Those who do include those who are self-employed, trustees...

Posted by:Admin on:2022-04-06 11:57:47 Read More

What Happens If I Dont Declare Self-Employment

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  • What Happens If I Dont Declare Self-Employment
  • Posted date:
  • 05-04-2022
What Happens If I Dont Declare Self-Employment

 This article looks at what happens if you don't declare self-employment. We look at how to report self-employed income and how HMRC knows about undeclared income. (0%) 2020-21 tax year: You won't pay any income tax if you earn trading profits of £0 - £12,500. 2021-21 tax year: This threshold increases from £0 - £12,500 to £0 - £12,570. (20%) 2020-21 tax year: You...

Posted by:Admin on:2022-04-05 14:14:51 Read More