by James Fairhurst | Feb 6, 2024 | Resources, Top tips
For small businesses, crossing the VAT (Value Added Tax) registration threshold can feel like stepping into a whole new world of complexity and administrative burden. Once a business’s revenue hits a certain level, registering for VAT becomes mandatory, leading...
by James Fairhurst | Feb 6, 2024 | Resources, Top tips
In the UK, salaried taxpayers (those under PAYE – Pay As You Earn) have specific allowances and expenses they can claim to reduce their tax liability. The UK tax system is managed by HM Revenue and Customs (HMRC), and it provides guidelines on what can be...
by James Fairhurst | Jan 26, 2024 | Resources
A limited company is a legal business structure that offers its owners limited liability, separating personal finances from business obligations. In this type of business, the liability of shareholders or owners is restricted to the amount invested in the company,...
by James Fairhurst | Aug 15, 2023 | Resources
Corporation tax set to increase In the 2023 Spring Statement, the government announced there would be some changes that would affect some limited companies. The Corporation Tax rate will change to 19-25% for the 2023/24 tax year, but only under specific circumstances....
by James Fairhurst | Aug 4, 2022 | Resources
Looking for some help with payroll? Perhaps you will soon be hiring your first employee? There are a few things you will need to consider if this is the case…. Producing payslips, deducting tax, factoring in holiday pay, autoenrollment for pensions, and ensuring you...
by James Fairhurst | Nov 18, 2021 | Resources
Need to brush up on your expense claims? If your staff are looking to be reimbursed, make sure you have a procedure in place to ensure your staff get paid, and you get all the information you need to record the claim in your accounts and claim back any VAT on...
