Self Assessment – Why do we Pay On Account?
Whether you are self employed or employed and receiving untaxed income, you would have had to, at some point, file a Self Assessment Tax Return, or atleast sign one that was prepared by your accountant. Within the UK, there are set deadlines for when you have to pay your taxes by to H M Revenue & Customs. The two main
Minimum wage increase – How will it affect your business?
Last month, the National Minimum Wage increased, with employers now required to pay all of their workers 21 years old and over a minimum of £6.70 per hour. This represents a 20p increase on the previous hourly rate of £6.50. Those between the age of 18 and 20 will now receive a minimum of £5.30 per hour compared to the
5 Things never to ignore with your business bank account
Business banking is not everyone’s idea of fun but as the business owner you have no choice but to be hot on the transactions in your accounts. Here we take a look at five things not to ignore with your business bank account. Account Fees Unless you are in your first year, it is highly unlikely that you will have
