Payroll – FAQs 24/25

If you have individuals working for you under a contract of employment, you must pay them via a payroll scheme, deducting PAYE, National Insurance etc where applicable, and submit these details to HMRC.

Construction Industry Scheme – FAQs 23/24

What is the construction industry scheme?

Contractors and subcontractors in the construction industry must abide by certain rules set out under the construction industry scheme.  This scheme allows the contractor to deduct money from a subcontractor’s payment and pass it on to HMRC.

Your VAT Questions Answered!

Your VAT Questions Answered

If you run a business, it is highly likely you will be eligible for VAT. In this blog, we answer all your questions regarding VAT.

What is Digital Compliance?

In April 2019, the government introduced making tax digital.
This means businesses must keep digital records of their accounts and send quarterly or yearly updates of their VAT returns to HM Revenue and Customs (HMRC).

Planning Your Year End Ahead of 2025

Whether your financial year ends on 31st December or 31st March, the end of 2024 is a good idea to start planning and thinking about your year end. This is a crucial step for any business owner or CEO as it will help shape the direction their business will take in 2025.

Bitesize Autumn Budget Summary

Our director Matthew Whelan has created the summary below of the Autumn Budget Statement.

Here are the key points from Chancellor Rachel Reeves’s “Autumn Budget” 2024.

Self Assessment – FAQS 23/24

Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages and pensions. People and businesses with other income , must report it in a tax return.