When Should You Register For VAT?

When Should You Register For VAT?

Understanding VAT (Value Added Tax) and when to register for VAT is crucial for businesses as it has a significant impact on the business finances. The VAT threshold, is currently £85,000 per annum – If your annual turnover approaches this figure, you should...
Self-Assessment Tax Returns – A Quick Guide

Self-Assessment Tax Returns – A Quick Guide

Do I Need To Complete A Self-Assessment Tax Return? Self Assessment is a system HMRC uses to collect Income Tax. For those employed, Tax is usually deducted automatically from wages and pensions. People and businesses with other income (including COVID-19 grants and...
The Importance of Getting Payroll Right

The Importance of Getting Payroll Right

A business’ payroll system is fundamental in operations.   Paying staff accurately and on time is the cardinal rule of payroll. Not paying employees for their work is the quickest way to upset them at a moment’s notice.   However, it’s not as...