Small Business Accountancy Blog From RIFT Accounting in Kent

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  • Salaries and Dividends For The 2020/21 Tax Year

    Salaries and Dividends For The 2020/21 Tax Year

    If you operate your own UK limited company you will probably want to use the tax planning strategy of extracting money from your company through a combination of dividends and a low salary to ensure you optimise your tax.

  • National Insurance For The New Tax Year: April 2020-2021

    National Insurance For The New Tax Year: April 2020-2021

    National Insurance was originally introduced in 1911 as a contributory system of insurance for those who could not work due to illness and unemployment and later retirement pensions and other benefits were also covered.

  • Don't Keep the Taxman Waiting

    Self Assessment and Annual Account Penalties and Deadlines

    All you need to know about the deadlines, and penalities for missing them, for self-assessment and Ltd Company

  • A brief guide on IR35

    A brief guide on IR35

    IR35 is a piece of legislation that allows HMRC to assess whether a contractor is an employee or not. At the moment responsibility for determining whether IR35 applies sits with the contractor. This guide explains what is happening in April 2020 when the responsibility for determining whether IR35 applies will move from the contractor to the client if the client is a medium or large organisation.

  • Statutory Maternity Leave and Pay

    Statutory Maternity Leave and Pay

    Your responsibilities when your employees need time off to have children.

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