On 9 March 2018 HMRC released the names of employers who have paid their staff less than the minimum wage. They release this report quarterly and it is surprising how many businesses are on this list each quarter. This time there are 179 businesses who have underpaid their employees between £100 and £133,000. They don't report on underpayments less than £100 although that doesn't mean they don't take action. …
The new tax year starts on 6th April and with it comes changes to the tax rates and thresholds. Here is a quick round up of what this might mean for you. …
Making Tax Digital for Business, now known as MTDfB, will begin in April 2019 but that doesn't mean you can forget it until then. Now is the time to start thinking about what you need to do in your business to meet the new reporting requirements. MTDfB starts with businesses which are …
The recent demise of Carillion and the possibility of Toys R Us going in to administration because they can't pay their £15m VAT bill highlights how large as well as small companies struggle with cash flow. All businesses rely on their customers to pay them for the work they have done so that they can pay their suppliers and their taxes. A sale is not a sale until it is paid for but unfortunately businesses are liable for their taxes whether they have been paid by their customer or not. …
I have been asked several times recently how much to pay someone both in terms of a new employee and as a pay rise. There are really 3 things to consider when you are deciding what to pay: …
