Making Tax Digital – Extension
The extent of Making Tax Digital is being increased by the government. The requirement to provide records in the new format is being extended to include over 4 million taxpayers who have business or property income in excess of £10,000 per year. This will also include landlords, sole traders and partnerships involving individuals only. Corporate […]
Read More
GDPR – Are You Ready? Part 1 – General Provisions and Physical Data
The General Data Protection Regulation (GDPR) comes into effect on 25 May 2018 leaving little time to prepare if you have not already done so. The penalties for non-compliance are crippling so you must ensure you are prepared. A common response when many small business owners are asked about GDPR is ‘It doesn’t apply to […]
Read More
Minimum Pension Contributions Increase – Your Questions Answered
The minimum pension contributions for automatic enrolment pension schemes are due to increase at set times this year and next. All employers are required to make the minimum employer contributions to the workplace pension scheme for all qualifying staff. It is your responsibility as an employer to make sure that the correct increases are put […]
Read More
Payment Surcharges – The New Regulations
Payment surcharges are often used by SME’s to offset the costs of payment processing. New amendments to the regulations come into effect on 13 January 2018. There are severe penalties for non-compliance in addition to any civil action that may be taken by the Consumer. Your Bookkeeper should be aware of the new regulations and […]
Read More