Sole traders and partnerships who do not currently have a 31st March year end will see a change in their reporting period to meet HMRC new rules for reporting profits based on the tax year and not their accounting year.
There are many benefits to outsourcing your payroll and once you do you may be surprised at how cost effective it is.Here are just a few of the benefits
If you reimburse your employees mobile phone expenses you could be providing them with a taxable benefit which could be subject to tax and NI.
If you find it difficult to pay your tax bill due in January and July each year you can choose to make regular payments throughout the year instead.
From April 2023 the minimum wage rates will rise so employers need to check that their employees are being paid at least the minimum wage rate for their age based on the number of hours they work. The new rates from April 2023 are
