Small Business Accountancy Advice
...Everything You Need To Grow Your Business
Buckle up, adventurers. Today we're talking about Flat Rate VAT, and the ride's about to get bumpy!
Your P11D must be submitted by 6th July. It is a record of the value of any Benefits In Kind or "perks" you have received during the last tax year and it must be completed and sent to HMRC. Find out what you need to do, how RIFT can help you - and what happens if you don't!
The UK government is calling small business the "engine room" of the economy. Let's look at where it thinks that engine's taking us.
Traditional Accountancy that doesn't look at your figures until the end of the year could be costing you more than you know. Without real time data on your financial position you could easily find yourself on the wrong side of HMRC because you've been more successful than you expected. Here's an example of how we make sure this never happens.
Before 2014, the Percentage Threshold Scheme meant that employers were compensated if a large proportion of their workforce became ill at the same time. As of the 5th of April 2014, that scheme ceased to exist, and employers have been told they have to foot their entire Sick Pay bills themselves.