IR35 is a piece of legislation designed to counter tax avoidance. It is used to decide if contractors are actually contractors or are just disguised as an employee for tax purposes. This article will help you understand the IR35 legislation and provide tips on if it applies to you and how to be compliant.
A self-assessment tax return is the form used by HM Revenue and Customs (HMRC) to collect income tax from individuals. Whilst income tax is deducted from your salary automatically if you work for a company, most people who are self-employed must complete one each year.
This guide will explain who needs to complete a self-assessment tax return, when they’re due, and how to complete one (with a handy checklist).
The purpose of a document retention policy is to establish how a company should keep and maintain its documents such as financial records and insurance documents.
In this guide, we will advise you on how long you should be keeping personal and business financial records. It will also explain the process of drafting a document retention policy for your business.
It’s common that most small businesses will have a cash flow problem at some point; luckily these can largely be prevented with planning and preparation. In this article we’ll run through some of the most common causes of cash flow problems, as well as offering practical advice on how to improve your cash flow.
With the UK set to leave the EU on 31st October, it is important to have a plan in place to prepare your business for Brexit and put it in the best position possible in time for the changes. We have listed some of the key things you need to consider before the UK leaves the EU.
For those applying for mortgages, remember as from the 4th September 2017 HMRC will not be issuing a paper copy of SA302.
Kayleigh Rawson, 20 from Ilkeston is the latest addition to WKM Accountancy services.
Modern technology has made accounting easier than ever before.
From 6th April 2017, the personal allowance will go up to £11,500.
From 1st April 2017 there will be a new 16.5% VAT flat rate for businesses with limited costs.