1 May 2023 - Due date for corporation tax due for the year ended 30 July 2022. 19 May 2023 - PAYE and NIC deductions due for month ended 5 May 2023. (If you pay your tax electronically the due date is 22 May 2023). 19 May 2023 - Filing deadline for the CIS300 monthly…
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Check the rules before sharing your generosity
From time to time, it feels good as a boss to be able to treat your team, whether it’s someone’s birthday or as a get-well gift. But there are rules to be followed to prevent you getting in trouble with the taxman. Trivial benefits are small gifts or perks given to employees that are exempt…
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How to stay on the right side of the tax man
Taxes are one of the certainties of life, according to Benjamin Franklin, and if you are in business it pays to know for which taxes you are liable. Understanding the taxes that your business is required to pay can help you plan and budget accordingly. There are several types of taxes that businesses may be…
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Six top questions to ask your accountant
As a business owner, it’s important to have a good relationship with your accountant. We can provide valuable insights into your business finances and help you make informed decisions that can improve your bottom line. However, it can be challenging to know what questions to ask, so here’s your starter for 10. How can you…
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