by Karen | Jun 4, 2021 | Accounting, Business Costs, Covid-19, HMRC, Tax
If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in order to use them to meet your personal bills. There are various ways of doing this. However, a popular and tax efficient...
by Karen | May 19, 2021 | Accounting, Business Costs, HMRC, P11D, Payroll
Employers who provided taxable expenses and benefits to employees during the 2020/21 tax year will need to report these to HMRC, on form P11D by 6 July 2021, unless the benefit or expense has been payrolled or is included within a PAYE Settlement Agreement. Benefits...
by Karen | May 12, 2021 | Accounting, Business Costs, Covid-19, HMRC
As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of the pandemic. Depending on the nature of the business, they may be eligible for a Restart Grant or a Recovery Loan. Restart Grants The Restart Grant Scheme...
by Karen | Apr 28, 2021 | Accounting, Business Costs, HMRC
To encourage companies to invest, enhanced capital allowances are available for expenditure incurred within a limited two-year window. As an alternative to the annual investment allowance (AIA), companies will be able to benefit from either a super-deduction or a new...
by Karen | Feb 25, 2021 | Accounting, Business Costs, HMRC, Payroll
By law, there are various statutory payments that an employer must make to an employee while the employee is absent from work due to the birth, adoption or death of a child. The employer must pay employees who meet the qualifying conditions at least the statutory...
by Karen | Feb 16, 2021 | Accounting, Business Costs, HMRC
Under the minimum wage legislation, workers must be paid at least the statutory minimum wage for their age. There are two types of minimum wage – the National Living Wage (NLW) and the National Minimum Wage (NMW). From 1 April 2021, as well as the usual annual...
