Outsourcing your payroll function

Ensuring that your employees are paid accurately and on time is essential. Bringing in the payroll experts is one of the easiest ways for you to focus on the day-to-day running of your business and save yourself time and money. Managing payroll in-house It’s no secret that managing payroll is time consuming; it requires you […]

Explaining the ‘side hustle tax’

Digital platforms such as eBay, Etsy, Airbnb, Amazon and Vinted are now required to share seller information with HMRC, as of 1 January 2024.  Under the new rules, HMRC will receive a breakdown of revenue generated by platform users, which HMRC will use to match up against submitted Self-Assessment tax returns to ensure that the […]

Basis Period Reform: How it impacts you and your business

If you’re a sole trader or partnership that uses an accounting date between 6 April and 30 March, the way HMRC assesses your profits is changing.  From 6 April 2024, you will be required to report your business tax information to HMRC using the tax year running from 6 April to 5 April, regardless of […]