Despite what you might think, the HMRC is constantly trying to make 'meeting your tax obligations' easier. It wants to help you keep better track on how much tax you owe - or might be owed - and will, therefore, be introducing quarterly updates for many tax payers, including the self-employed, property landlords and companies. Does that…Read more
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So you're thinking about taking on staff? Here's a list of items to add to your to-do list to make sure you operate within the law. Decide on your employees salary You must pay at least the national minimum wages. Current hourly rates from April 2017 are: 25 and over = £7.50 21 to 24=£7.05 18…Read more
Clients often ask if there are any strict deadlines in place, and what happens if they miss them. With that in mind here's a handy list of HMRC, and the penalties that go with them. Self-assessment missed submission deadline You will pay penalty if you, when sending in a tax return, you miss the deadline for…Read more
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