August 15

Understanding your tax code

Understanding your tax code

As an employer who is running or considering running a payroll scheme, you will need to be familiar with tax codes. At Atkinson Accounts, we often recommend that directors of a company are put on the company’s payroll. In this case you are both an employer and employee and it is even more important that.

July 19

Should you be trading as a Sole Trade or Limited Company?

Should you be trading as a Sole Trade or Limited Company?

Are you thinking of setting up your own business? Confused about where to start? At Atkinson Accounts we believe the best place to start is the business type. Is a sole trade of a limited company the answer for you? This doesn’t just apply to start ups! Regardless of what stage of its life cycle.

July 16

My accounts are filed, do I really need to keep my records?

My accounts are filed, do I really need to keep my records?

In short, yes! Why? HMRC are able to carry out their investigation’s years after your submissions. If they are to investigate the amount owed, they will need your records! You can receive a fine for failure to comply with keeping your records for the required amount of time, so it is important you get this.

June 28

Is your small business ready for the new HMRC Making Tax Digital requirements?

Is your small business ready for the new HMRC Making Tax Digital requirements?

Under new HMRC regulations, almost all UK VAT registered businesses need to comply with new, digital record-keeping requirements as part of the “Making Tax Digital” (MTD) programme. The “Making tax digital” programme is designed to streamline reporting processes for businesses. The end plan is to replace the traditional paper trail with a digital one, directly.

NEWER OLDER 1 2 4 5