Alternative to Intuit QuickBooks Desktop In October 2021, Intuit QuickBooks announced it was discontinuing QuickBooks Desktop support and updates for its UK customers, citing compliance changes and a shift in UK product development focus. The move echoes a wider shift in the accounting software industry, as established desktop vendors seek to establish and support one […]
Category Archives: Compliance
06
Feb
Feb
How Do I Claim Tax Relief on Expenses I Incur for My Job? You might be able to claim tax relief if• you use your own money for things that you must buy for your job • you only use these things for your work You cannot claim tax relief if your employer either gives […]
26
Jan
Jan
Tax Returns for Overseas Income If you’re living or working abroad, you may still have to pay UK tax on some or all of your income. It all depends on where the money’s coming from and what your tax residence status is. This is a very complex area of tax regulation, and the rules that […]
23
Jan
Jan
Holiday entitlement and how holiday pay is calculated will depend on how many hours an individual works. For employers, this can quickly become complicated when someone doesn’t work fixed or regular hours.
20
Jan
Jan
What is the Construction Industry Scheme (CIS)? The Construction Industry Scheme has been set up by HMRC to ensure subcontractors cannot evade tax within the UK construction industry and to protect them from false employment. Under the scheme, registered contractors deduct money from the subcontractor’s payments. This then goes directly to HMRC as advance payment […]
18
Jan
Jan
Why Should I Use An Accountant To Do My Self-Assessment Tax Return? Let’s be honest, no-one really wants to fill out their self-assessment tax return themselves. It’s a boring job that you do because you have to. And most likely, you put it off until the very last day possible before the 31st January deadline. […]
Compliance, Moorgate update, Tax advice
What you need to know about the November 2022 Autumn Statement and your Tax
22
Nov
Nov
The November 2022 Autumn Statement Moorgate offers a comprehensive tax summary of the Autumn Statement by the Chancellor of the Exchequer, Jeremy Hunt. The Autumn Statement included a significant number of new tax announcements summarised as follows:
19
Oct
Oct
Congratulations! As a Director of your own limited company you’re going places. Hopefully you’ve also earned some money and now you’re wondering, how you pay yourself? As a business owner and a Director of a Limited company you have options. Get Paid via PAYE or Payroll This is probably the easiest option available to you […]
13
Oct
Oct
Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. This is called ‘automatic enrolment’. If you employ at least one person you are an employer and you have certain legal duties. What you need to do next will depend on whether […]
31
Aug
Aug
Payroll is the process by which a business pays it employees. It covers keeping records of payments, paying taxes to HMRC on behalf of the employees and distributing money. It makes sure payments to employees are accurate and ensures that the correct statutory deductions have been made from their salaries. Payroll is a key area […]