What is Payroll?

A What is Payroll? A list of employees receiving wages or salaries, with the amounts due to each. Category: Payroll

Dividends

The new dividend tax regime is coming into force from 6 April 2016. The widely held opinion is that incorporation will still be more tax efficient than a sole trade, but that the savings will be reduced. The new rules will introduce a £5,000 dividend allowance (which uses up part of...

Investments

If you have money to invest you could go for one of the government’s tax advantaged schemes like ISA or Enterrprise Investment Scheme or Venture Capital Trust as an alternative to pension contribution. The one major drawback with pension is that you can not get your money until you reach...

CIS Returns

If you are registered as a contarctor for the purposes of HMRC’s Construction Industry Scheme ( CIS ), you must submit a report each month giving details of subcontractors you have paid and CIS deductions. You need to send a report even if you have not paid anyone, in which...