In my last blog, I wrote about the £100,000 employee and how a £100,000 salary can quickly become a much bigger number once you add Employer’s National Insurance and pension contributions. Whilst writing that article, Adam asked me how much the cost of employing somebody has actually changed over the last decade. In the office, […]
At some point, many growing businesses reach the same crossroads. The owner is working too many hours, too many decisions still land on their desk and growth has started to feel harder than it should. The answer seems obvious: hire somebody experienced. A senior manager, an operations lead, a finance director, a sales director, somebody […]
Finding and retaining good people is one of the biggest challenges facing growing businesses. As companies grow beyond £500,000 turnover and begin building a senior team, many owners face the same dilemma. They want to reward key employees and give them a stake in the business’s success. However, they are reluctant to hand over shares […]
If you’re a landlord and you’ve heard people talking about Making Tax Digital (MTD), you may be wondering whether it’s something you need to worry about or just another HMRC initiative that doesn’t affect you. The short answer is that many landlords will be affected, and the changes are closer than you might think. Does […]
For many landlords, the decision to keep or sell a rental property isn’t as straightforward as it once was. A few years ago, the answer often seemed obvious, property prices were rising, rental demand was strong and many investors were happy to take a long-term view. Today, however, landlords face a growing list of considerations […]
For most growing businesses, people are the largest investment they make. Whether you’re hiring your first employee or expanding an established team, it’s important to understand that the true cost of employing someone is far more than their basic salary. We often speak to business owners who budget for a £35,000 employee, only to discover […]
The government has announced a change in the approach to the introduction of mandatory payrolling of benefits in kind (BIK), offering employers a more gradual transition to what is set to be a significant change in payroll reporting. A Phased Introduction Under the updated plans, mandatory payrolling will no longer be introduced in one step, […]
With HMRC increasing its focus on VAT compliance, businesses should expect a higher likelihood of enquiries in the coming years. Driven by efforts to reduce the tax gap, alongside increased recruitment of VAT officers and the growing use of data and technology, HMRC is becoming more proactive in reviewing VAT returns. Preparing in advance is […]
As we head towards the end of January, any business with a December VAT quarter will need to prepare and submit their VAT return by 7th February. With the festive period behind us and business ramping up again, now is the time to get your VAT affairs in order. Key Dates to Remember Quarter end: […]
Every year, P60 and P11D forms arrive with little explanation, yet these documents contain vital information about your earnings, tax position, and employment benefits. Understanding them properly can help you avoid overpaying tax and manage your finances more effectively. What Is a P60 and Why Does It Matter? Your P60 is an end-of-year certificate summarizing […]
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