Small businesses are being encouraged to consider using an HM Revenue & Customs’ (HMRC) scheme that allows them to be taxed on money flowing into and out of their business, rather than using full accounting rules. With a new tax … Continue reading →

Employers are reminded to make sure they do not miss out on a £2,000 cut in their employment costs from 6 April 2014. The new Employment Allowance will see up to 1.25 million employers – businesses, charities and Community Amateur … Continue reading →

A significant change to statutory sick pay (SSP) is on the way for employers from April 2014. Under the percentage threshold scheme (PTS), employers can recover SSP if the total paid in a tax month is more than 13 per … Continue reading →

New researchsuggests that UK taxpayers are set to waste almost £5 billion this year by paying more tax than necessary. The 2014 TaxAction research, released on 17 February by www.unbiased.co.uk, a website enabling consumers to find professional advisers, reveals that … Continue reading →

HM Revenue & Customs (HMRC) has announced there will be a staggered start to the introduction of Real Time Information (RTI) penalties. Automatic in-year Pay As You Earn (PAYE) penalties for late filing and late payment and in-year interest – … Continue reading →