‘She only makes the tea’ and ‘my employees are on standby’ are just a few excuses used by businesses who have paid workers under the National Minimum Wage, the UK tax office has revealed. Every employed worker in Great Britain is legally entitled to the National Minimum Wage. However, many employers tried cheating the pay[…]
There is a major advantage to recording business transactions digitally; once the basic data has been entered it can be interrogated and represented in endless types of reports. During the present COVID disruption this ability to drill down or summarise data should be used to support business owners in making appropriate decisions. Accounting software, used[…]
We have prepared the following lists from information published on the GOV.UK website. It sets out which businesses are required to close, and which can remain open during the current COVID lock-down. Those required to close face compounded financial difficulties as their ability to create revenue is at best restricted and in many cases stopped[…]
Readers who have not yet filed their 2019-20 self-assessment tax return for 2019-20 have less than one month to do so. The online filing deadline is 31 January 2021. Could clients reading this article, who have not supplied all the information we have requested to complete their outstanding 2019-20 returns, please contact us with any[…]
The turning of the old year into the potential for the new year has usually generated the Happy New Year salutation. And indeed, we do wish our readers all the very best for 2021. What challenges do we face? But what challenges we face. Will schools reopen, are we facing a further national lock-down, will[…]
UK taxpayers that file a tax return will need to pay a variety of self-assessment tax and NIC liabilities that will fall due at the end of January 2021. They include: • The second payment on account for 2019-20 if deferred when first due 31 July 2020.• Any balance of taxes unpaid for 2019-20• The[…]