Shared parental leave was implemented just over a year ago, but new figures show a conflicting picture. Depending on what statistics you look at take-up has been quoted at anything between 1% and 30%. One thing that is clear, is that there is still a lack of knowledge, both from the employer and the employees […]
When you need to set up a PAYE scheme may seem confusing, but here are three common scenarios where employers need to ensure they are complying with PAYE regulations: As an employer you do not need a PAYE scheme if you pay yourself or an employee under the Lower Earnings Limit (LEL) (for Tax Year […]
Last week I was asked twice about keeping records – which made me think perhaps it should be the next topic for my blog. So what records do individuals and businesses need to keep, and for how long? HMRC require all businesses (whether sole traders, partnerships or limited companies) to keep and retain […]
As accountants, we often get asked by our clients how to pay corporation tax. Reference To pay your corporation tax you will need your 17 character Corporation Tax payslip reference for the accounting period you are paying. The reference number can be found by logging into your company’s HMRC online account and going to “view […]
The latest budget was billed as the budget for “the next generation”, but there was plenty of good news for small business owners too, here are a few of the headline points. Business Rates Following significant lobbying from small business groups, George Osborne announced that from next April, the rate at which small business rates […]
How is this different to the annual return, and what does it mean to my business? From June 2016 companies will no longer have to submit an annual return to Companies House, instead they will submit a confirmation statement. Unlike the annual return, companies will be able to submit a confirmation statement any time they […]
On 1 April 2016 the new National Living Wage of £7.20 an hour for workers aged 25 and over will take effect. There are several steps employers must take to ensure that they comply with the new rates, including: Finding out which staff are eligible for the new rate Updating their payroll before 1 April 2016 […]
At Whitesides, we have been using Sage for over 20 years. We have trained and supported hundreds of businesses on how to use Sage and are often asked about shortcuts. Using shortcuts on Sage can save a significant amount of time when entering transactions, and all without the need to move the mouse. Here are […]
A salary sacrifice arrangement is when an employer and an employee agree to reduce the employee’s salary in return for certain benefits. There are financial advantages for both the employer and the employee if a salary sacrifice arrangement is agreed as the employee’s remuneration shifts from cash (where tax and National Insurance (“NI”) is due) to […]
More and more companies are using cloud based software to manage their finances. But is it right for your business? The main concern with using cloud based software is, is it secure? You are posting significant amounts of sensitive data to a server that is owned, maintained and secured by someone else. But providing your […]
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