What does my tax code mean? 2020/21 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…
Coronavirus update
Hi everyone. Please see below some updates and clarifications on some of the help that is out there for you and your businesses during the coronavirus situation. Check back regularly to the HMRC website for updates on everything coronavirus…
Ten Top Tips for working from home during the coronavirus
As as result of the Coronavirus, many of us will be working from home having never done so before. It’s tempting to sit back and treat it as a leisurely day or have a Netflix binge, but that…
Parents who lose a child will receive two weeks’ paid bereavement leave
From April, parents who lose a child will be entitled to two weeks’ paid bereavement leave under new government rules. The UK is the only country at this time to have bereavement leave enshrined in law, and it…
National living and minimum wages to rise in April
Both the National Living wage and National Minimum wage are set to rise from April. The National Living wage and National Minimum wage is set to rise by 6.2%, four times the rate of inflation, in what the…
Business gifts for Christmas
Thinking of giving a business gift for Christmas? It’s not long until Christmas and you might be considering giving a Christmas gift or treat to your team or customers. But before you do, it’s worth considering the tax…
Do not change the payment date on your December payroll if you pay early for Christmas
We know that some employers will be paying their staff early for Christmas but it’s important to not change the date on your payment submission. If your business is closing early for Christmas or is not open at…
Is the Christmas party tax allowable?
It’s just under six weeks until Christmas Day and many of us will have already booked our work Christmas party to celebrate. But what are the costs to your business of the Christmas party and what is tax…
Who should be in your work place pension?
Since they were introduced in 2012 more than 8 million people have been automatically enrolled into workplace pensions. Every business that employs staff who meet the criteria should be automatically enrolling workers into a pension scheme, deducting contributions…
Top ten bookkeeping mistakes and how to avoid them
Here are our Top 10 Bookkeeping mistakes and how to avoid them Letting it all build up This seems obvious, but some people still leave everything to the last minute and let the bookkeeping build up. We know you…