If you are thinking of giving your employees a Christmas gift, a bonus or taking them out to lunch be aware of what you can do without it becoming a taxable benefit for your employee or a more costly gesture for yourself
One of the things we support our clients with is contacting HMRC when there is an error which needs correcting. HMRC helplines, whether for VAT or PAYE, are not at all helpful when you are a busy person.
HMRC have set out several benefits for completing and submitting your annual tax return well before the deadline of 31 January. Here are some of the benefits
HMRC have now made it easier to set up a time to pay arrangement which you can do through your online VAT account. There are, of course, provisos to setting up this arrangement online.
Business owners must keep track of their business income on a monthly basis because growing businesses will most likely need to become VAT registered. The VAT registration threshold has been