Employment and Support Allowance

When you work for an employer and fall ill, you can claim Statutory Sick Pay (SSP) to ensure you are still receiving an income while you recover. If you are self-employed you are unable to receive SSP as you have no employer to claim it from. However, it may be possible to claim Employment and […]

Read More

Employing Staff: Things to Consider

As your business grows and becomes more successful, you will find a point where it would be beneficial to have some regular help. Most commonly this would involve employing someone to work for you. Aside from the obvious factors such as what you want the employee to do, there are seven points you must address when it […]

Read More

Which Direction? Ltd or Sole?: Update

Limited Company or Sole Trader

We previously discussed the differences between a limited company and a sole trader business in this blog. We went over the advantages and disadvantages of each to help readers decide which would be best for their business. Unfortunately new rules coming into place from HM Revenue and Customs (HMRC) have drastically changed the dynamic from […]

Read More

Dormant Companies

Normally a limited company will be a business. Trading to create a profit, which will in turn be taxed by HM Revenue and Customs (HMRC). Less often, companies are formed for other reasons, such as to hold onto an asset or ensure a company name is kept safe from being used by someone else. These […]

Read More

Construction Industry Scheme (CIS) For S...

If you work in construction you may have heard of the Construction Industry Scheme (CIS). The CIS involves a contractor withholding an amount of payment from their subcontractors as tax, which is then paid to HM Revenue and Customs (HMRC). It is similar to when an employer deducts income tax from an employee’s wages on […]

Read More

Deadlines and Penalties: Employers

With the introduction of Real Time Information (RTI), deadlines for payroll have become much more complicated. In this blog I will address all of the deadlines and penalties associated with running a payroll for your business. Deadlines and penalties for filing The Full Payment Submissions (FPS) must be filed on or before the day that […]

Read More