The importance of forward planning At some point you will want to stop working in your business and either sell up – in which case business exit planning is a crucial element of your financial strategy, and could make all the difference to your long-term personal...
How can i pay companies house penalties? You can pay companies house your penalty by cheque, bank transfer (known as BACS) or by credit/debit card. Paying by Cheque You should make it payable to Companies House, with your company name and number on the reverse of the cheque....
In this section we consider some of the most important tax issues for employers and employees. Is your tax code correct? - A Guide from Wimbledon Accountants The purpose of the PAYE system is to collect the right amount of tax from your earnings throughout the course...
Xero surely is an amazing platform, and it allows you to connect with stripe and take payments. If you are accepting payment via stripe and need help with reconciliation, you will have to follow the guidelines given below. Once you have collected the payment in...
Starting a business Starting a business is an exciting and challenging experience, and one which also carries a fair degree of risk. During the start-up phase you will need to make all kinds of decisions that could be critical to the long-term success of the enterprise....
Small Business Accountants - Capital Allowances Guide ‘Capital allowances’ is the term used to describe the deduction we are able to claim on your behalf for capital expenditure such as business equipment, in lieu of depreciation. Annual Investment Allowance (AIA) The maximum annual amount of the AIA is...
Main Tax Late Filing and Payment Penalties This article summarises the main tax late filing and payment penalties. In addition, you should be aware there are penalties for providing incorrect information. As a small business owner you will have to deal with a number of different departments...
Pay Staff Tax Free - Staff Suggestion Scheme This scheme is specifically allowed and provided for in the legislation. It is very simple to operate and works as follows...
Minimising Tax on Company Cars The cost of being provided with a company car has reached extremely high levels and whether to make use of a company car for private purposes now requires careful consideration to minimise the tax costs. There are a number of factors that...
Employees Working Abroad When your employees go to work abroad you need to think about their potential liability to income tax and national insurance, but be careful because there are different rules for each. Income tax The tax liability will depend on how long the employee is to...