Small businesses now have access to software that previously only large firms could afford. You may have heard or seen advertised Making Tax Digital (MTD), a process used by HMRC that enables businesses to electronically report underlying VAT transactions directly to HMRC. Digital transfers of tax information will soon be a requirement for all businesses, […]
We’re into a new tax year (starting 6th April 2021) which means new minimum wage rates, changes to personal allowances, tax and National Insurance rates for employees and the self-employed. There is quite a lot of admin involved with this time of year, however If we already look after your payroll we have this covered,
Payroll – new rates for a new year. Read More »
The VAT deferral new payment scheme The VAT deferral new payment scheme is open for all businesses who deferred VAT due between 20 March and 30 June 2020 and still have payments to make, or who are unable to pay in full by 31 March 2021. This includes those on Payment on Account and Annual
Government support – March 2021 update Read More »
Tax allowances 2021/22 (tax year ending 5th April 2022) January to March is a key period in the year to review your income, to ensure you have utilised any allowances available to you. With some careful planning you can also save tax too! Personal allowance £12,570 (this is your tax-free allowance for the year) Marriage
Have you used your tax allowances yet? Read More »
So you have the big idea and want to get started with your new business, but not sure how to go about it? At NSG we’ve created a checklist of areas to consider when starting a business. You’ll no doubt have lots of excitement and energy to charge out of the blocks, and with some
Starting a business Read More »
As we are all more aware of our environment and how our collective actions are shaping our immediate futures, there are a lots of simple changes we can make to our working lives to do our bit to protect our planet. Not only are you doing your bit for the environment, there can be positive
