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17th September 2009
Taxes are an unsavoury business but they are one of the two facts of life (the other, or so we are told, is death). Unfortunately however the unpleasant nature of filling out tax returns, book keeping and filing documents means that many tax payers overlo... Read >
Author: Livia Konstandaras16th September 2009
You need people to run a business unless you happen to be a one-man-industry. So, if you have employees, you have payments to make, taxes to deduct from the salaries and send the deducted money to the state exchequer. In case of larger establishments, the... Read >
Author: Karen Hall11th September 2009
Free lancers, contractors and self employed workers can enjoy the benefit of working for themselves and being self employed. Nevertheless being a sole trader, in partnership with someone or being in a limited companies can have implications for your earni... Read >
Author: JessicaThomson27th July 2009
It is becoming increasingly common that a company's creditors take action against it for unpaid debts in the form of a Winding Up Petition. If the debt remains unpaid and a winding up order is granted, the court will appoint a liquidator and the company w... Read >
Author: Derek Cooper09th July 2009
Choosing a particular pension scheme may be down to individual choice, but saving for such should be embraced by anyone who would like to have the possibility of financial assurance when they reach their retirement.
A pension is a tax-efficient way of... Read >
Author: Vicky Cochrane12th June 2009
Large rises in income tax are due to take effect from next April for people earning over £100,000.
New rates of tax were announced by the Government in the recent budget and they are going to hit many of our clients hard! This is because our clients ... Read >
Author: Ray Prince07th June 2009
Times are tough. Our economy seems to be hanging in there, but finances are certainly not as glorious as they were a decade ago! When every bit counts, it can be tough to see most of your income heading to the government.
It takes courage to be a contr... Read >
Author: Ben Curtis06th June 2009
Tax Freedom Day, or the day in the year when the average Briton has earned enough to pay his annual tax bill, will fall on May 14 this year, according to independent think-tank the Adam Smith Institute.
The ASI has calculated that this is the earliest ... Read >
Author: IncoIntertrust04th June 2009
How much does it cost to simply survive in our society during current times? Given the rapidly increasing levels of unemployment, as thousands upon thousands of employers close their gates and cast off their employees with statutory redundancy packages, a... Read >
Author: Robert Palmer12th May 2009
Income tax calculator in accounts ledger with tax income rates calculation in finance accounts 2008 tax return to produce net taxes financial profit Paye tax calculator and salary tax calculator are essential features of payroll tax calculations to calcul... Read >
Author: Terry Cartwright04th May 2009
Self-employed freelancers, contractors and temporary workers enjoy the freedom that comes with being self-employed, however, setting yourself up as a sole trader, partnership or as a limited company can have implications for your earning potential. Some f... Read >
Author: Ben Curtis27th April 2009
The answer is YES, if you are a small business owner, you have employees, you have payments to make, taxes to deduct from the salaries and send the deducted money to the IRS.
1. Payroll Software Is Worth
As small business owner, you need to take ca... Read >
Author: Karen Hall17th April 2009
The Inland Revenue tax authority has been around since 1665 and until 2005 was a direct taxation department where in all the matters with regard to taxation and its various policies were resolved by the British Government. Income tax, national insurance c... Read >
Author: Terry Cartwright16th April 2009
National insurance contributions are paid by all employees over the age of 16 whose gross income exceeds the national insurance threshold and forms part of the taxes collected by the inland revenue. Employers also pay additional NI contributions. In years... Read >
Author: Terry Cartwright15th April 2009
The best laid plans
The earlier you retire, the more money you’ll need to sustain an enjoyable lifestyle. So first, work out an average expenditure then assess the different income options available: these can include pension plans, savings, ISAs, in... Read >
Author: MarkeD15th April 2009
You can visit HMRC Inland Revenue online where you can log in and sort out your tax related issues. The inland revenue website itself offers a huge amount of help and provides all manner of information regarding income tax, value added tax and any other f... Read >
Author: Terry Cartwright09th April 2009
State pensions, company pensions, stakeholder pensions, personal pensions and SIPPs - what are they and which one is right for me?
With so many different and varied choices (and plenty of jargon to go with them), it's a natural question to ask.
If y... Read >
Author: Gareth Flanagan10th March 2009
Self-employed freelancers, contractors and temporary workers enjoy the freedom that comes with being self-employed, however, setting yourself up as a sole trader, partnership or as a limited company can have implications for your earning potential. Some f... Read >
Author: Sam Rosenna05th March 2009
It is of paramount importance that you have some insurance cover to protect you if you are unable to work due to an accident, illness or the loss of your job.
All of your principle outgoings need to be covered, rather than just one debit.
Payment P... Read >
Author: michael challiner21st October 2008
A new employer needs to register with HMRC as an employer and operate a PAYE scheme and make important checks on each new employee recruited and complete the initial paperwork to set up the employees pay records of tax national insurance and personal deta... Read >
Author: Terry Cartwright22nd September 2008
Income tax is deducted by an employer from the gross salary of an employee according to the inland revenue tax percentage applicable to those earnings taking into account personal tax allowances and reliefs available.
Income Tax percentage rates for Em... Read >
Author: Terry Cartwright28th August 2008
The tax implications of balancing the salary paid, corporation tax liability and declaring dividends is in effect a dividend tax calculator and important in the dividends calculation.
The gross salary is paid net after paye deductions for income tax wh... Read >
Author: Terry Cartwright14th August 2008
Income tax and national insurance contributions must be calculated and deducted from the employee each pay period, payslips produced for each employee and the tax liability accounted for and paid over to the inland revenue office. Calculating the deductio... Read >
Author: Terry Cartwright14th July 2008
We are lucky in this country that if you have an accident or become ill you are able to go to an NHS hospital, and seek treatment at their accident and emergency department. Most hospitals are located in central city locations and provide treatment around... Read >
Author: Danielle Fletcher25th May 2008
The costs of goods, materials or services purchased by a business which are for private use are not allowable for tax purposes. The disallowed element also applies to goods and materials bought for business use which are subsequently used for private use.... Read >
Author: Terry Cartwright11th April 2008
It seems strange to be thinking about retirement when the event itself is still decades away. But in actual fact the best time to start preparing for the years after your working life is over is now.
The most important aspect to consider is your pen... Read >
Author: Andrew Regan18th January 2008
The PAYE system is a payroll administration system where employers deduct income tax and national insurance contributions from employees. Paye was introduced by the UK in 1944 as a tax system by the inland revenue which employers administer to deduct from... Read >
Author: Terry Cartwright07th November 2007
DIY Accounting Payroll Software is written on a series of excel spreadsheet templates. Small business payroll solution available in the UK for up to 5 employees, up to 10 employees and a third version of the payroll for up to 20 employees.The basic detai... Read >
Author: Terry Cartwright02nd November 2007
Many people in all kinds of jobs enjoy the benefits that come with them. From free dental and health care, to discounts on lots of services and a company pension, being employed by someone else can have its perks – and it’s easy to take them for gran... Read >
Author: Elisha Burberry21st October 2007
Running a payroll for larger organisations with full time accounting staff is easy. Full time professionals are employed or the payroll function may be outsourced to a payroll bureau. For the small business the payroll task often falls to the proprietor d... Read >
Author: Terry Cartwright21st October 2007
Large organisations have full time professional accounting staff to prepare the payroll or the payroll function may be outsourced to a payroll bureau. The payroll task in a small business falls to the proprietor demanding time and effort to become familia... Read >
Author: Terry Cartwright03rd September 2007
Payroll: Salary Sacrifice
Employers are increasingly using salary sacrifice to manage employee remuneration. This raises the employee’s perceived value of their reward package, and forms a large part of Human Capital Management. But times have chang... Read >
Author: Jason Taylor15th August 2007
You�ll have to excuse me for a moment. I�m going to have a rant. And I�m afraid it�s not too closely related to no win, no fee compensation claims so I apologise if no win, no fee compensation claims is what you�ve come to read about.
Anywa... Read >
Author: Robert Palmer10th February 2007
We think it's relevant to make sure that you're aware of an important way some people can boost their income in retirement.
Many of our female clients will have had letters from Her Majesty's Revenue and Customs and the Department of Work and Pensions.... Read >
Author: Ray Prince13th November 2006
The government provides a range of benefits and allowances for those who are unable to support themselves financially, whether they are unemployed and looking for work, on a low income, ill, injured or disabled, bringing up a family, caring for someone or... Read >
Author: Benedict Rohan09th November 2006
Unless you’ve managed to build up a large private pension or have a great deal of savings, it’s not always easy to get by in retirement when you’re no longer earning. There are various ways in which the government can help give people of pension age... Read >
Author: Benedict Rohan06th June 2006
We all look forward to the day when we can give up work – but to ensure your retirement is comfortable you will need to prepare for it carefully.
Putting a proportion of your earnings towards a pension may seem like a drag right now, but realistically... Read >
Author: Joseph Kenny05th January 2006
Independent school fees have risen faster than inflation and it is estimated that it costs more than
£100,000 in Scotland in the United Kingdom to fund a child through a private education. So sending your child to a fee-paying school is a major considera... Read >
Author: Derek Miller
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