Why should you outsource your payroll?

In today’s climate its more important than ever to make the most effective use of your time.  Outsourcing payroll means you will have more time to focus on your business. Processing payrolls in-house can be time consuming, complicated and stressful. Keeping up to date with ever-changing legislation and updates is demanding and can be a […]

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Be aware of continued HMRC scams

With many businesses recovering from the challenges of the COVID 19 crisis it is vital to remain extra vigilant about the current surge of HMRC scams.   Criminals are taking advantage of many individuals and businesses who have been dealing with financial insecurity and uncertainty – using more and more sophisticated methods. The current known scams […]

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TAX DIARY JULY/AUGUST 2021

Date What’s Due 01/07 Corporation tax for year to 30/9/20 (unless pay quarterly) 05/07 Last date for agreeing PAYE settlement agreements for 2020/21 employee benefits 05/07 Deadline for agents and tenants to submit returns of rent paid to non-resident landlords and tax deducted for 2020/21 06/07 Deadline for forms P11D and P11D(b) for 2020/21 tax […]

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HMRC WARNING NOT TO USE UNFUNDED PENSION ARRANGEMENTS

HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax and National Insurance contributions. HMRC strongly believes these arrangements do not work and will seek to challenge anyone promoting or using these arrangements and make sure the correct tax is paid. Users of these arrangements may […]

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PENSION CONTRIBUTION IS TAX EFFICIENT FOR BOTH EMPLOYEE AND EMPLOYER

Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions are also deductible for the employer provided incurred wholly and exclusively for the purposes of the trade and paid before the end of the accounting period of […]

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