Auto Enrolment Jargon You Need to Know Auto enrolment can feel overwhelming, especially when technical terms are thrown around without explanation. But understanding the categories of workers involved in auto enrolment is crucial for compliance and for supporting your team. Let’s break down the key definitions so you can stay ahead with confidence. Understanding Your […]
Back to Basics: What Is Auto Enrolment? Auto enrolment is a workplace pension initiative introduced by the UK government to ensure more people are saving for retirement. Under this legislation, UK employers must automatically enrol eligible employees into a pension scheme and make contributions on their behalf. This shift in responsibility—from the individual to the […]
What is Making Tax Digital for Income Tax? Making Tax Digital (MTD) for Income Tax is a new way the UK government is changing how self-employed people and landlords report their income. Instead of sending one big tax return once a year, you’ll keep digital records and send updates to HMRC every few months using […]
What to Look for in a Good Accountant: A Guide for Business Owners Working with the right accountant is one of the most important decisions you’ll make as a business owner. Why? Because running a business is demanding—you’re juggling countless tasks with limited time. That’s why knowing what to look for in a good accountant […]
Employment Law Changes in 2020: What You Need to Know and Prepare For Employment law changes will take effect from April 2020. Now is the time to review and update your workplace policies and procedures to stay compliant and avoid penalties. Written Employment Contracts: What’s New in Employment Law Changes? The government’s Good Work Plan, […]
Avoid the Pitfalls of Hiring Staff: What Every Small Business Owner Should Know So, you’re thinking about hiring? That’s fantastic! Hiring your first employee shows how much your small business has grown. You might feel excited — and a little anxious. After all, your business is your baby, and you want to make sure it’s […]
Tax Scams and What to Look Out For – Stay Alert This Season It’s that time of year again — not just for tax returns, but also for tax scams. Scammers are especially active during filing season, trying to trick people into handing over money or sensitive personal details. According to HMRC, they received nearly […]
What You Need to Know About Filing a Self Assessment Tax Return Filing a Self Assessment Tax Return can feel overwhelming if you’ve never done it before — or even if you have. Whether you’re self-employed, earning rental income, or receiving dividends, it’s essential to understand when and why you’re required to file. In this […]
6 Common Misconceptions About Accountants – Debunked When you think of an accountant, do words like “boring,” “math genius,” or “tax obsessed” spring to mind? If so, you’re not alone. There are plenty of misconceptions about accountants, and they’ve stuck around for far too long. In celebration of International Accounting Day, we’re setting the record […]
More Changes to Capital Gains Tax: What You Need to Know Capital gains tax is undergoing significant changes, and it’s crucial to understand how they might affect your finances. To help you stay compliant and avoid unexpected costs, we’ve outlined the key updates below — and what you should do next to prepare. How Does […]