Payroll & PAYE

take home pay uk

How Will my Take home Pay UK be Affected by IR35?

If you’re an independent contractor and want to save taxes, you should work through a limited company. This process tends to be productive for those contractors who’re considered to be outside the Intermediaries Legislation (IR35). On contrary, if you are caught inside IR35, most probably you’d be paying more taxes. Before discussing how take home […]

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what are employee benefits

What are Employee Benefits and How they can be Tax-efficient?

Everyone loves benefits. They are essential for the overall success of your business. As they help employers to get the best talent for their business. But do you know, you have to pay tax and national insurance against the benefits you pay. Therefore, your payroll system needs to be effective for dealing with employee benefits.

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business tax

What Business Tax Do you Need to Pay by 31st January 2021?

The self-assessment deadline needs to be met by 31st January 2021 (midnight). You’ll definitely be getting a penalty if you don’t file the self-assessment on time. The late filing penalty on delaying self-assessment and hence delaying business tax is around £100. If you convince HMRC with a reasonable excuse, the late filing penalties may be

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Research and development expenditure credits

Research and Development Expenditure Credits (RDEC)

Research and Development expenditure credits define the future of any country. A major government policy was introduced in this regard to promote R&D in the UK. Under the policy, multinational and other corporate agencies are encouraged to work aggressively on research and development. If you own an entity and if you’re busy carrying out research

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