Business Tax

payroll

Payroll in the UK: Regular Payroll vs Tronc Payroll – A Complete Guide for Employers

What is Payroll and How Does It Work in the UK? Payroll is the process that ensures your employees are paid accurately and on time. But it’s much more than just issuing wages. In the UK, payroll involves calculating salaries, deducting PAYE income tax, managing National Insurance Contributions (NICs), and reporting everything to HMRC. Here’s […]

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Key Self-Assessment and MTD for Income Tax Deadlines You Shouldn’t Miss

Key Self-Assessment and MTD for Income Tax Deadlines You Should not Miss

Staying on top of your tax obligations is essential to avoid penalties, interest charges, and unnecessary stress. With Making Tax Digital (MTD) reshaping how individuals and businesses manage their tax records, keeping a clear timeline of important dates is more important than ever. This guide outlines the key upcoming deadlines for Self-Assessment and MTD for Income Tax

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Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025

Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025

Selling goods or digital services online has never been easier — but with new tax rules coming into effect in 2024 and beyond, staying compliant has become more important than ever. One major development is the Digital Services Tax (DST), which HMRC describes as a 2% tax on the revenues of large search engines, social

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Get your self assessment tax return (SATR) done in these holidays

Get your self assessment tax return (SATR) done in these holidays: Avoid the Last-Minute Rush

The holiday season is upon us! As we prepare for Christmas 2024 and the excitement of New Year 2025, there’s no better time to get your Self Assessment wrapped up in time for Christmas. Completing your Self-Assessment Tax Return (SATR) early not only saves you stress later but ensures you can enjoy the holidays without

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Cancel a Winding Up Order

How to Cancel a Winding Up Order: A Step by Step Guide

If your company has received a winding-up order, it’s a critical situation, but not necessarily the end of the road. A winding-up order signifies that a court has ordered your company to be liquidated, often due to unpaid debts. However, in some cases, you can apply to have the order canceled (or ‘rescinded’), giving your

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Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK

Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK

Are you someone who works independently in the UK, like a freelancer or contractor? It’s great to have the freedom to manage your own time and work, isn’t it? But there’s a tricky part to this independence: handling your taxes. It can be a bit overwhelming, and if you’re not careful, you might end up

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Get Your Annual Report Done Right & Fast: The Power of a Company Secretary in the UK

Get Your Annual Report Done Right & Fast: The Power of a Company Secretary

The role of a Company Secretary in the United Kingdom is pivotal in ensuring that a company complies with its legal obligations, maintains accurate records, and operates efficiently. From maintaining statutory registers to filing annual reports, a Company Secretary’s expertise is indispensable. In this comprehensive guide, we’ll delve into the responsibilities, benefits, and importance of

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Check 5 Signs Your London Business Is on the Right Track

Check 5 Signs Your London Business is on the Right Track

Running a successful business in London requires more than just a goal, it demands a keen eye on financial health and strategic planning. In this article, we will explore the key indicators that suggest your business is on the right track and how partnering with accountants and tax advisors, such as BS Associates, can contribute

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Capital Gains Tax in the UK: How an Accountant Can Help

Capital Gains Tax in the UK: How an Accountant Can Help

Capital Gains Tax (CGT) can be a complex area for many individuals and businesses. Whether you’re a seasoned investor or someone who has recently sold a valuable asset, understanding how CGT works and how to maximize your returns can significantly impact your financial bottom line. In this guide, we’ll detail the role of an accountant

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