The Most Common Payroll Mistakes

Payroll can often be trickier than small business owners initially imagine but having an effective payroll system in place is imperative when it comes to ensuring your business is well organised. Here are some of the most common payroll mistakes made by SMEs when they don’t ask their accountants to handle it for them so make sure you avoid them…  

Missing Deadlines

You c… Continue Reading

Potential repercussions of the new VAT regulations

As of January 1^st VAT laws changed in the EU. Prior to 2015 VAT was applied in the country where the product was sold. However, laws have changed and now EU VAT will be charged in the country where products are bought. This legislation applies to digital products only, i.e. downloads, online courses and e-books.   The reason for this new tax law is to try and crack down on major corp… Continue Reading

Company Car Tax Guide

Company cars are considered a Benefit In Kind (BIK) and, therefore, they are subject to tax from HM Revenue & Customs (HMRC). A car is not deemed a necessity so it’s viewed as an additional perk that you get on top of your annual salary.   Company car tax can be a bit perplexing to those who are new to the system. Normal VED car tax is calculated by merely taking into account CO2 em… Continue Reading