Each time you run a payroll you need to send a Full Payment Submission (FPS) to HMRC. This can be easily overlooked or forgotten in busy periods. HMRC do understand that sometimes we are human. Therefore there are three exceptions which will hopefully stop you...
First of all, don’t panic. Whilst HMRC have a reputation for being hard to deal with, quite often once you’re speaking to the right person things can be resolved fairly easily. A £100.00 HMRC Penalty Notice is charged if: Your Full...
You have a new employee with P45 from their previous employer and you’re not sure what information it contains or what to do with it. The P45 gives details of gross pay and tax deducted within the working tax year it was issued. It also shows the tax code being...
Congratulations on becoming an employer for the first time. Your business is growing and it’s time you had that extra help and support you need to let you get on with more planning, more growth and more work, which can only result in good things. However there...
This weeks Knowledge Nugget is about holiday entitlement and pay for your employees. There is a minimum amount of holiday that you have to allow each employee, accrued based on hours worked and their contract. Quite often employers will offer more...
OK, so its that time of year…. … when small businesses are rushing around trying to find those scraps of paper that will reduce their tax liability, and hating themselves for putting them somewhere ‘really safe’ that just doesn’t come to...