UK National Minimum Wage

Posted Posted in Payroll

The UK national minimum wage changes every April. From the 1st April 2018 the new hourly wage is up to £7.83 but this varies depending on age. The maximum fine for non-compliance is £20k per worker so it is important […]

Micro Entity Accounts

Posted Posted in Limited Companies

Very small Limited companies have an option to file micro entity accounts. Initially these may look like a cheaper option. So who can file micro entity accounts? What are they? And are there any potential pitfalls to avoid? Micro entity […]

Tax Code 1185L

Posted Posted in Payroll

The new tax year begins on 6th April 2018 and therefore this means new PAYE tax codes. The most common will be tax code 1185L. Every year millions of codes are incorrect so you must check your tax code or […]

Client Portal Launch

Posted Posted in Our News

We are pleased to announce that today we have officially launched our client portal. What is it? It is a secure cloud application which allows us to send documents to clients which can be approved electronically. Why use it? Email […]

Company Van Tax 2018

Posted Posted in Personal Tax

Company van tax and company car taxes are vastly different. If an employee is provided with private use of a company vehicle there are tax implications. Getting the type of vehicle wrong can cost you and the company ££££’s in […]

Pension Changes 2018

Posted Posted in Payroll

The minimum contributions which employees and employers must pay in pension contributions is due to increase. Failure to comply can incur penalties of up to £10,000 per a day. The pension changes are applicable from April 2018. Most businesses with […]

Register for VAT?

Posted Posted in VAT

If you fail to notify HMRC that you should register for VAT the penalty can be high. Anywhere between 0% and 100% of any VAT that you owe can be charged. HMRC could effectively double your VAT bill with these […]