With so many people forced to use credit to manage their household and business finances, one of the most commonly asked questions is ‘Does my debt die with me?’.
Or, families of those who experience financial difficulties are concerned that they will inherit any outstanding obligations when their loved one dies.
As you may be aware, all employers in the UK are required to automatically enrol their employees into a workplace pension scheme. Unfortunately, while auto-enrolment laws tend to benefit workers in the long term, there are several myths circulating about pensions and how best to fund one’s retirement. To help set the record straight, we’ve busted some of the most common misconceptions about auto-enrolment and the workplace pension:
The world of contracting and subcontracting can be complicated enough without the complex matters of tax introduced. If you work in the construction sector, you have likely heard of something called the Construction Industry Scheme, commonly abbreviated as CIS. We'll be answering some of the commonly asked questions about CIS, including what it is and the eligibility criteria to receive a CIS refund.
What is the CIS?
One of the key elements of running a business, but one that is often overlooked in its importance, is payroll. Paying employees, understanding how much tax needs to be paid and also calculating National Insurance contributions is crucial. If done incorrectly, it can result in fines, unhappy staff and could, if handled particularly poorly, lead to bankruptcy. So, with that in mind, it makes sense you ensure everything associated with your company’s payroll is handled effectively, which means understanding what exactly payroll involves and how accountants can help.
The IR35, the HMRC's name for off-payroll working and subsequent taxation, had significant changes due to come into force in April 2020. However, with the Coronavirus pandemic occurring, they chose to delay it until April 2021. If you're a contractor, it's important that you're fully aware of what IR35 changes mean for you.
1. IR35 legislation developments
This price plan is suitable for the start-up companies who are not VAT registered.
This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.
This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.
This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.
This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.
If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.
Our commitment to you is that we’ll ensure all the information we’ve submitted to the Civil Aviation Authority is up-to-date and accurate.
