February 2024

Are You Prepared for Payroll Year-End? (Payroll Deadlines)

Payroll year end is not to be confused with PAYE. Every year, after your last pay run but before 19 April, you’ll need to send specific information to HMRC.  Here’s a step-by-step guide to ensure a smooth transition and avoid common pitfalls. 1. Check The End Date of Your Payroll.  Payroll may extend beyond week …

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Basis Period Reform: what does it mean for unincorporated businesses and LLPs?

On January 27, 2022, HMRC and the government proposed changes to basis period reform rules starting in April 2024, in response to feedback from BDO and others. These changes aim to address unfair impacts, yet they may still lead to accelerated tax obligations for many partnership members. Who’s Affected? This reform affects self-employed traders, partners …

Basis Period Reform: what does it mean for unincorporated businesses and LLPs? Read More »

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