Registering for payroll is essential when hiring staff. From HMRC registration to legal compliance, getting payroll processes right ensures your team is paid correctly and your business avoids penalties.When starting a business and hiring employees for the first time, one of the most important administrative steps is setting up a payroll scheme. This process ensures your…
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Do you have additional income streams?
Side income over £1,000 may mean filing a tax return. HMRC is urging part-time earners to check their tax position for 2024-25, especially if they earn from casual work, renting, or crypto.If you are earning extra income it is important to be aware of the tax implications.The good news is there are two £1,000 tax allowances…
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Are you ready for Companies House ID checks?
From 2025, Companies House is rolling out new identity verification requirements for directors, people with significant control (PSCs), and anyone forming or managing a UK company. These changes form part of the Economic Crime and Corporate Transparency Act and are designed to reduce fraud and increase confidence in UK companies.If you are involved in running…
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Tax Diary July/August 2025
1 July 2025 - Due date for corporation tax due for the year ended 30 September 2024.6 July 2025 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.19 July 2025 - Pay Class 1A NICs (by the 22 July 2025 if paid electronically).19 July 2025 -…
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