More changes to Capital Gains Tax! To make sure you don’t fall into any pitfalls with the new changes and to plan ahead we’ve detailed below what you need to be aware of. How does it work currently? Currently any capital gains made by individuals are reported through your self-assessment. This means that if you […]
PLASTIC We need to use less plastic. Currently, the equivalent of one dumper truck of plastic every minute ends up in our oceans and this is set to increase to 2 every minute in the near future. It is also making it into the food chain. All of us can make an impact by using […]
THE EARLY BIRD CATCHES THE WORM It’s a common problem for accountants, that some clients don’t get their paperwork in on time – or at least sometimes, it can be last minute. This is not good for either the accountant or the client. Why? The accountant may be swamped with work at certain times of […]
It is often confusing about what you can claim for business purposes, so hopefully this list will aid you in the top tax deductible expenses. This list is only applicable to sole traders, not limited companies! If you work from home, you can claim for using part of your house as an office. The […]
Everybody looks forward to their holidays, and keeping track of them hasn’t got to be time consuming and a nightmare with Sage 50 Payroll. There are a variety of holiday settings that enable you to set up different holiday schemes, assign them to employees and much more. This will take the stress out of recording […]
As an employer running payroll, you need to: Report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April) and give your employees a ‘P60’. Prepare for the new tax year, which starts on April 6. 1. Send your Final Payroll Report You need to send your final […]