With a reduced rate of VAT of 5% then 12.5% from 1st October 2021, the hospitality, tourism and food industries were given a bit of a lifeline to help them recover from the closure of many businesses through the pandemic.
Bookkeeping, keeping financial records organised and up to date, is a vital part of any growing and successful business.
HMRC have now released the payroll thresholds for the new tax year. The tax free allowance remains the same as
As a business owner you are responsible for keeping track of your turnover every month if you are getting close to the VAT registration threshold as you must register within 30 days of reaching the current threshold ....
HMRC have now provided more information about the increase in National Insurance Contributions (NICs) to be applied from April 2022 until March 2023 to fund the NHS, health and social care. Here is some information to help you
