Do you have a lengthy manual process for invoices or expenses approval? Are you sending out paper purchase orders? Do you have a streamlined process for paying suppliers? Are your sales orders and other admin duties carried out on spreadsheets? You are not alone. For many business owners, regular reviews of back-office accounting functions aren’t …
Review your back-office accounting for efficiency and profitability Read More »
This a reminder for Taxpayers that a penalty deadline for unpaid Self-Assessment tax is imminent. HM Revenue & Customs (HMRC) will automatically add a penalty to your tax bill equal to five per cent of the Self-Assessment tax you owe for 2021/22 if unpaid after midnight on 2 March 2023. So urgent action is needed. The …
Self-Assessment taxpayers warned of next payment deadline Read More »
Two years ago, the UK entered its first lockdown. On Wednesday 23 March, our eyes were firmly fixed on the Chancellor of the Exchequer, Rishi Sunak, as he rose to deliver his Spring Statement. Yet again, Mr Sunak found himself addressing MPs against a background of the crisis, with the residual impact of COVID, the …
Following a surge in enquiries due to the pandemic, HM Revenue & Customs (HMRC) has announced it must prioritise its essential services by temporarily closing telephone hotlines. HMRC will focus on stabilising phone and tax credits/child benefits services, taking extra steps to meet targets and supporting at-risk customers. During December, the tax authority ran tests …
HMRC shuts telephone services to focus on backlog Read More »
Taxpayers who received Coronavirus business support must remember that COVID-19 grants or payments are taxable and must get declared on company tax returns. HM Revenue & Customs (HMRC) has issued a reminder that the filing deadline for company tax returns (CT600) is 12 months after the end of the accounting period it covers. The deadline …
Company tax returns must include COVID-19 grants Read More »
Your cash flow statement provides data about all the money inflows your company receives from operations and is a fundamental part of the financial statements. Alongside your balance sheets and income statements, it is vital for managing your small business accounting. It keeps you abreast of how much cash is entering or leaving your business …
How to avoid damaging errors in your cash flow statements Read More »
While the national job vacancy boom is good news for job seekers, it is a potential nightmare for businesses keen on retaining high-quality staff. While a pay rise is always welcome by many, it is not always the most tax-efficient approach for business owners. Other benefits, such as salary sacrifice schemes, are equally effective in …
Salary sacrifice schemes: retaining your top talent Read More »
Effective 1 January 2021, all EU citizens (excluding Irish citizens) no longer have the automatic right to work in the UK. European nationals and their families who arrived in the UK before 31 December 2020 must apply for the EU Settlement Scheme (EUSS) by 30 June to continue living and working in the UK. Individuals …
EU Settlement Scheme – Are you ready for the 30 June deadline? Read More »
For ETL UK Partner Spotlight Series, Statutory Partner, Ian Saunders, highlights an often overlooked requirement of the UK Companies Acts. As a Chartered Secretary, Ian specialises in the whole area of Company Secretarial work and has managed the Statutory department at Wilder Coe for the last 23 years. He understands the issues companies face handling …
Keeping clients abreast of their Companies House requirements and registers maintenance. Read More »
HR Manager, Bal Dhesi, explains her cost-effective and straightforward tips to help employers improve their bottom line through investing in employee wellbeing initiatives. “Investing in the wellbeing of your team can reduce sickness absence, improve productivity and reduce turnover. Many studies show how implementing workplace wellness initiatives that promote healthier lifestyles. Considering the work-life balance …
Investing in employee wellbeing will improve your bottom line Read More »
