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 […]
Category Archives: Compliance
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 […]
28
Jul
Jul
How much Tax is there to pay on a ‘Cash Gift’? We received a call today from a prospective client asking us whether there would be any tax to pay by either him or the recipients of cash gifts he wanted to make. He had called 10 other accountants before us for advice: 7 of […]
25
Jan
Jan
Good news. HMRC have just announced that they will not be issuing fines for late filing of 2019/20 self assessment income tax returns for until after 28th February 2021. Less good is that HMRC have also said that they still would like to get paid on time and will charge interest from 1 February 2021 […]