Employment allowance can be claimed by business which have a payroll with at least one employee or two directors earning over the secondary threshold. The £3,000 allowance is set against your Class 1 National Insurance contributions
HMRC have told us for several years now that we must file our payroll returns on or before the date the employee is paid. Most employers have a regular payment date and as a payroll bureau we ensure that we file the return on or before that pay…
We are often asked this question by business owners taking on their first employee particularly if they are not going to be working many hours. Employers believe that because they aren't paying their employee very much they don't need t…
The VAT Flat Rate scheme is available to businesses with turnover up to £150,000 per annum. It is advantageous to small businesses as the VAT payable to HMRC is calculated as a percentage of gross sales rather than 20% of net sales less 20&…
VAT records must be kept for six years although HMRC are only allowed to adjust returns going back four years plus the current period. However if you have purchased land or buildings you may need to keep relevant documents for 20 years. &…
