Changes in Government legislation have reduced the paperwork and red tape involved in launching and running a start-up business from home Kitchen table businesses were thrown a bone by the Government recently as part of the ongoing drive to stimulate enterprise in this country. The Home Business initiative aims to make it much easier for Read more about Working from home just got easier[…]
Here’s some great reasons to start using QuickBooks Online today: It’s fast and easy to set-up; Customise it to your business; Cleaner, simpler interface which is user friendly with faster navigation; You get an up to date view of your business, even on the go; You can create customised invoices for a more professional look; Read more about QuickBooks Online[…]
Whenever you appoint a new director and send the relevant paperwork to Companies House, it will automatically check that individual details against the Register of Disqualified Directors. From 8 June 2014 a similar procedure will be introduced for undischarged Bankrupts (and other types of personal insolvency that prevent an individual acting as a director). Source: http://www.companieshouse.gov.uk/pressDesk/news/undischargedBankruptsProjects.shtml
Are you prepared? All employers are legally required to automatically enrol their employees into a qualifying pension scheme by their ‘staging date’. This is set according to the number of employees you have on 1 April 2012. Don’t be like Dunelm Soft Furnishings Ltd who missed its staging date and didn’t make the required pension Read more about Don’t ignore your staging date![…]
From 06 April 2014, HMRC will charge in-year, rather than annual, interest on all unpaid: PAYE tax, Class 1 National Insurance, and Student Loan deductions including specified charges (estimates HMRC makes in the absence of a PAYE submission) Construction Industry Scheme (CIS) charges In-year late filing penalties, which start from October 2014 In-year late payment Read more about Changes to the way HMRC charge interest on PAYE from 2014 onwards[…]
Companies House has announced that its website will soon be moving. Once that happens, you’ll only be able to access its online services through the GOV.UK portal. On 20th May 2014 Companies House quietly issued a statement announcing the forthcoming closure of its website later this year.. This is because its online services are being Read more about Companies House website is moving[…]
Keeping your company records in legal requirements is a time consuming process, so how can you keep this to a minimum? As owner/director of your business your main priority is about making your business successful rather than being a slave to paperwork/admin/recordkeeping. But you can’t avoid this completely as company law requires a minimum level Read more about Company records – what’s the bare minimum?[…]
The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice – you must be at least school leaving age to get it. YEAR 21 AND OVER 18 TO 20 UNDER 18 APPRENTICE* 2014 (current rate) £6.50 £5.13 £3.79 £2.73 2013 £6.31 £5.03 £3.72 £2.68 2012 £6.19 £4.98 £3.68 £2.65 2011 Read more about National Minimum Wage rates from 1 October 2014[…]
Savings From 6 April 2014 the overall ISA savings limit will be increased to £11,880 of which £5,940 can be invested in cash. From 1 July 2014 ISAs will be reformed into a simpler product, ‘NISA’ and all existing ISAs will become NISAs. From 6 April 2015 the current 10% tax rate will be reduced Read more about Main points from the 2014 budget[…]
In the government Autumn statement last year, it was announced that from 6 April 2014, employers would be refunded the first £2,000 of their employers’ NIC (Class 1) each tax year. More on this has now been announced… You can only claim the £2,000 employment allowance against one PAYE scheme even if your business has Read more about Employment Allowance[…]