Many higher rate tax payers don’t know they can claim on their pension contributions Firstly, lets define what a higher rate taxpayer is. At the time of writing, a higher rate taxpayer is anyone with income over £50,271 in the tax year 2021/22, and they will pay 40% tax on income above this, rising to […]
Higher rate taxpayers are missing out on tax relief Read More »
Employers/ employees: Furlough extended to 30th September 2021, with businesses starting to contribute part of the 80% starting in July. Employers contribute 10% in July and 20% in August and September. Confirmed Non-essential retail – back to work grants, up to £6000 per business Hospitality businesses – back to work grants, up to £18,000 per
Budget 2021 – the key points: Read More »
Cloud accounting software such as Xero and Quickbooks have revolutionised how financial data is captured and utilised for small and medium size businesses. What’s more it has amalgamated functions such as invoicing, VAT, bank feeds, CIS, and payroll to enable the business user to have more control, time and information in real time, to be
Moving to the cloud Read More »
Many are daunted by the prospect of moving accounting, even if it is in their best interests. It can feel like a monumental effort and potentially an expensive option, especially if your business has a complicated setup. Cloud accounting software makes this process much easier today, and often only requires a change of access to
