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Tag: pension

Accounting advice for startups

accounting-startups

Accounting advice for startups: what you need to do   So you’ve made the leap, struck out on your own and started your own business. It’s an exciting time, but it’s also hard work – and there’s a lot of important information to take on board.   As much as you want to get on […]

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The importance of bookkeeping for your business

What is bookkeeping? Bookkeeping is the accurate recording and processing of financial transactions for your business allowing accounts to be prepared. Why is it important? In summary, keeping bookkeeping up to date is an important part of running a business and can help in various ways as it allows a clear understanding of the businesses […]

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Spring 2021 Budget

Chancellor Rishi Sunak has announced key COVID-19 extension support measures, including furlough scheme, hospitality VAT cut and business rates relief. Furlough Scheme extended The Furlough scheme will be extended until the end of September. For employees, there is no change to the terms. The government will continue to pay 80% of salary for hours not worked. […]

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The impact of Brexit on VAT

The UK finally reached an agreement on the terms of departure from the EU at the eleventh hour, which became effective at GMT 11 pm (ironically) on 31st December 2020.  But was does this mean for UK businesses in respect of the charging, reclaiming and reporting of VAT relating to EU trade? With any legislative […]

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Tax Relief on Workplace Pension Contribution

What is Tax Relief on Pension Contribution? To be eligible for tax relief you first need to enrol for pension, which is normally done through your employer. If you are aged between 22 and state pension age and earn more than £10,000 per year, then you will be automatically enrolled for workplace pension by your […]

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Understanding VAT on Work Carried Out Abroad

In the UK, VAT on work carried out abroad is determined primarily as per the ‘Place of Supply of Services’ rules. The ‘place of supply’ is the location where a supply is made and where VAT may be charged and paid. The type of service and whether you provide the services through a B2B arrangement […]

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How Brexit Affects Immigration Requirements for Your Workforce

In 2016, the majority of Britain voted for Brexit—UK’s withdrawal from the European Union. Probably the most important public policy concern arising from the withdrawal is how Brexit will impact immigration. A reduced EU workforce in the UK would be one of the likely effects of Brexit. Currently, approximately 2.31 million EU workers are living […]

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Understanding Off-Payroll Working Rules IR35

Accounting for Off-Payroll Working Rules IR35

It is likely that you have already heard of IR35, which is the law adopted to counter alleged tax evasion. But what precisely is IR35, how is it going to impact you, and what can you do to brace for its implementation in the private sector? These are all questions that we look to answer […]

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