If you are an employer and provide benefits to your employees, you may have to complete a P11D. The deadline for submission to HM Revenue and Customs (HMRC) is 6 July. More information is available here. Alternatively, you may wish to think about applying for a dispensation to avoid completing P11D’s which may, in the right …
If you start working for yourself, you must register for Self Assessment with HM Revenue & Customs (HMRC) within the first three full months of self employment. Otherwise you may be liable to a penalty of £100. Once you become self-employed, the tax rules are quite different from those that may have applied when you were …
We’ve recently been contacted by Yellow Pages, the paper directory published by Yell, about renewing our advert. We’ve had the advert since the business started 7 years ago. However, the way that people and businesses find information has changed a lot since then – it certainly has for us. As a result, we started to …
When we talk to directors about how to take money out of a company, the concept of the Directors Loan Account (DLA) is often mentioned. This is where the director lends money to the company, which may be for short term investment, to pay wages or to introduce assets to the company. Conversely, an overdrawn …
We see many businesses and the question of whether someone is either employed or self employed comes up quite a lot, either when employing ‘help’ or for the person themselves. It can be a complex area! Why is this an issue? There is a lot at stake for both sides. The ’employer’ has legal obligations …