by Paul Whyatt | Feb 10, 2020 | Business Advice, Business Start-up
This may seem an odd question, but many SME business owners are so busy they often don’t know. Far too many rely on being close to the business, their intuition, gut-feel etc. Ask yourself: Do you have up to date and accurate accounting and management information? Do...
by Paul Whyatt | Feb 6, 2020 | Business Advice, News, Personal Tax
HMRC has recently confirmed that it’s possible for an employee or a director of a company to be provided with two tax-free mobile phones, where one of them is for business use with any private use of this phone being insignificant. But if two mobile phones are given...
by Paul Whyatt | Feb 6, 2020 | Business Advice, News, Taxation
A 6.2% increase The government has announced a 6.2% increase in the national living (NLW) and national minimum wage (NMW) rates to take effect on 1 April 2020. Make sure that your payroll manager or outsourced payroll provider takes account of the increases by...
by Paul Whyatt | Feb 3, 2020 | Bookkeeping & IT, Business Start-up, Taxation
Keeping good records is important for many reasons. It will enable you to know your tax liabilities as soon as possible and to submit timely and accurate tax returns. You’ll also be able to respond quickly and confidently to any HMRC enquiry. And you’ll avoid the...
