In the UK, all employees, full-time or part-time, are automatically enrolled into their workplace pension scheme if certain conditions are met. These conditions include: The ability to work in the UK Earnings of more than £10,000 per annum Not being a member of a...
I often get asked what the best cloud accounting software is to use. As with anything, we all have personal favourites. However, when it comes to your cloud accounting software, just because it is my favourite does not always mean it is the best fit for you or your...
As tax advisers, we need to consider all current and future changes happening in our field of expertise. The next Budget date has been set for Wednesday, 30 October 2024, as Chancellor Rachel Reeves outlines plans to address a £20bn deficit. This will be the first...
When it comes to your business accounts, do you know what your cash flow looks like for the next few months? Do you know what the future looks like? Have you got enough money to pay your liabilities as they fall due? Do you know when your business may run out of...
From April 2026, the government will mandate the reporting and payment of Income Tax and Class 1A National Insurance Contributions (NICs) on benefits in kind via payroll software. Why are HMRC mandating? HMRC is implementing this change as part of its wider plans to...
We often get approached by individuals who have not reported all their income or gains to HMRC. In the first instance, we discuss whether there is a requirement to file and what information will be needed. It can be a scary time, especially if HMRC has issued a...
