A recent survey of accountants and tax professionals carried out during an HM Revenue & Customs (HMRC) webinar found that 70 per cent of participants felt that their clients knew very little about the requirements of Making Tax Digital (MTD).
HM Revenue & Customs (HMRC) has published the rates and thresholds employers should use for payroll and expenses during the 2018/19 tax year. The document covers everything from tax rates and national insurance contributions to the minimum wage and statutory sick pay. To see all the changes, including the new PAYE tax thresholds, click here.[…]
As of this month, as many as one million UK employers have successfully enrolled their staff into a workplace pension scheme, new figures from The Pensions Regulator (TPR) have revealed.
You’ve decided to set up in business. Other than having a great bookkeeper on your team like the ones we have here at Modina, you’ll need to register your company name. Company name registration – Getting started If you’re opening a sole trader or partnership company, you don’t have to register your company name but[…]
From tiny acorns grow mighty oaks. You may have big dreams for your company, but even when you’re starting from humble beginnings, you may be wondering how you will manage your finances on your own. In the early days of your business, it may not seem necessary to have an accountant or a bookkeeper. And[…]
As this financial year draws to a close, there are a number of tax changes taking place that you’ll need to be aware of. HMRC have announced changes to the personal allowance, as well as council tax and the capital gains threshold. Personal Allowance tax changes Good news! If you’re a basic-rate taxpayer, your personal[…]