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It's exciting......

So, you're on the brink of expanding your business by hiring your very first employee. It's a thrilling milestone, no doubt about it.But as you gear up to welcome a new member to your team, there's something important you need to wrap your head around: Payroll and PAYE costs...
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The unavoidable cost of energy

There’s been loads of interest over the last few years about energy prices, certainly since the Ukraine / Russian conflict energy prices rocketed. Whilst domestic consumers suffered some of the largest price increases since the 1970’s, most were cushioned from the volati...
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Going Solar…

May 19, 2024
With the rising energy prices in 2022 we decided to look at fitting solar panels to our home, it’s fair to say we’ve learnt a lot along the way both in terms of planning the system, using it and things you’re often not told or explained; I’ll try and break down our e...
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Let's talk tax!It’s that time of year again, you’ve had that email from HMRC asking you to complete a tax return this year.Tax time can be a bit of a headache, right? But hey, understanding and getting through it is super important. So, grab a cuppa, and let's dive into ...
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We’ve received a few enquiries over the weekend regard sick pay and some general accounting queries related to the current Covid.19 Virus issues, obviously this is a changing situation but as at 9am on 9th March 2020 the answers are correct. What are the Statutory Sick Pay...
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Statement of main terms

As part of the provisions of the Governments Good Work Plan, SMTs will become a day one right for both employees and workers from 6 April 2020. Previously, employers have had two months in which to provide this to their employees, meaning that they will need to have the docu...
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Personal Tax Account

HMRC introduced Personal Tax Accounts back in 2015 and if you haven’t yet signed up for one, then perhaps now is the time to do so.  It is an easy process, you just need your National Insurance number, and either your most recent payslip, P60 or passport details to cr...
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If you work for yourself, as a sole trader, you will need to register with HMRC as self-employed unless you earn less than £1,000 in a tax year.  Registering will set you up for both self-assessment tax returns and the relevant National Insurance Contributions (NICs). ...
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END OF YEAR TAX PLANNING

March 6, 2019
As the 5th April approaches it is important to ensure that you have considered any reliefs and exemptions which could assist in reducing your tax liability for 2018/19. BASIC RELIEFS 2018/19 Personal Allowance - £11,850 (reduced by £1 for every £2 over £100,000), increas...
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The overall aim of Making Tax Digital (MTD) is that eventually everyone will maintain and file their tax information in digital format.  Specifically for businesses, the plan is that business income and expenses will be filed to HMRC on a quarterly basis, with an annual...
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