Top Ten Tips for staying cool at work
The sun is shining (sometimes), the beer gardens are full and public transport is even more unbearable than usual. British summertime is finally here! Here are our top ten tips on how to stay cool in the work…
Businesses told to cut down on alcohol at functions
The Chartered Management Institute (CMI) has warned firms to cut down on the amount of alcohol present at work functions as it releases a new poll. The poll says that nearly a third of the managers asked have…
What does my tax code mean? 2023/24 Edition
What exactly do all the numbers and letters in my tax code mean? And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold about you and…
Information to keep for your personal tax return
The 2022/23 tax year ended on 5th April 2023, for which many of us will need to produce and file a personal tax return . To make things easier, here is our list of the information you need…
Do I need to file a personal tax return for 2023?
The 2022/23 personal tax year ended on 5th April and we are now in the 2023/24 tax year. Every year we are asked the same thing – ‘Do I need to fill in a personal tax return?’. Here…
What is a P11D and do I need to complete one?
What is a P11D? The P11D form is a statutory form required to be filed with HMRC by those businesses that provide benefits to their employees that do not go through the PAYE system. You will also need…
New VAT penalties for late payment and filing
New VAT penalties for periods starting on or after 1 January 2023. HMRC have introduced new penalties for the late filing and payment of VAT for 2023. Previously, if you missed filing you would pay a percentage of…
When do you need to register for VAT?
When do you need to register for VAT? You need to register your business for VAT if your total VATable turnover goes over £85,000 in any rolling twelve month period, or you expect your turnover to exceed £85,000…
What is quiet quitting and why is it bad for your business?
You may have increasingly heard the term in the last few month, but what is ‘quiet quitting’? It is essentially a continuation of the ‘working to rule’ principle, where employees do exactly what they are employed to do…
Do you need to charge VAT on recharged expenses?
Clients often ask us if they need to charge VAT on the expenses that they recharge onto their own customers. The simple answer is yes, you charge VAT if you benefit from the expense, and no, you don’t…