by Luke Stringer | Feb 10, 2022 | businessnews, Running your Business
From April 6 2022 to April 5 2023, National Insurance contributions (NICs) will increase by 1.25% for both Employee and Employer contributions. Known as the Health and Social Care Levy, this money will be spent on the NHS, health and social care in the UK. This...
by Luke Stringer | Jan 27, 2022 | Running your Business
As of April 6th 2022, the Home Office is outsourcing digital ID checking. This means that for any employee digital checks, businesses will have to use an approved third-party software which could cost between £1.50 and £70 per employee! Previously, employee...
by Luke Stringer | Jan 20, 2022 | Running your Business
As a director of a limited company, you may have to carry out a self-assessment tax return. This is to tell HMRC how much money you’ve earned in a year and any other financial information. HMRC collect this information to work out how much tax and National Insurance...
by Luke Stringer | Jan 20, 2022 | businessnews, Running your Business
Now the 1st Jan has been and gone, in accordance with the new Making Tax Digital (MTD) requirements, if you’ve registered your company for VAT because your company is over the VAT threshold of a taxable turnover of over £85,000, or even if you have voluntarily...
by Luke Stringer | Nov 30, 2021 | Running your Business, Starting a business
In the last part of this blog series we’ll look at the key dates that as a director of a limited company, you will need to know to avoid any penalties: Key dates for limited company fillings Confirmation statement – This needs to be filed every 12 months...
by Luke Stringer | Nov 30, 2021 | Running your Business, Starting a business
Data protection applies to businesses of all sizes, so long as they handle personal data about their customers or employees. Under the Companies act 2006, directors may personally be responsible for breaches in data protection, for example, if a director is aware or...
