Category: Company
2025/2026 Tax Rates and Allowances
The tax year runs from 6 April. Here’s an overview of the main tax rates, allowances and national Insurance contributions that you need to be aware of for the tax year starting 6 April 2025. If you have any questions, would like to understand what rates specifically apply to yourself, or what allowances are available, please get in t...
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Spring Statement 2025
On Wednesday 26th March 2025, Chancellor Rachel Reeves delivered her Spring Statement. In terms of announcements for the average person, it was fairly low key with many of the announcements more aimed at a national level in terms of defence spending, overseas aid, etc. That said, there were of course still announcements to be aware of. An...
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Statutory Payments Explained: Part Two
Welcome to part two of our three part series covering everything related to Statutory payments. In part one we went through what statutory payments are, the minimum earnings thresholds to receive them, the amount you can receive, etc. In this blog we will cover want you need to implement through your payroll systems and common pitfalls...
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Statutory Payments Explained: Part One
Statutory payments form the backbone of employee compensation in the UK, yet many businesses struggle to navigate these mandatory financial obligations correctly. In fact, recent HMRC data shows that thousands of companies face penalties each year for mishandling these essential payments. Understanding statutory payments is crucial for...
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Payrolling of Benefits: Your Guide to the New HMRC Rules
HMRC plans to reshape the scene of payrolling benefits with new mandatory reporting rules from April 2026. These changes will impact all employers and replace the current P11D system that processes about 4 million forms each year. Currently, P11D forms are submitted by employers by 6 July after the tax year ends. Under the proposed new...
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Changes from 6th April 2025
As we approach the start of a new tax year, there are several changes coming into play that you may not be aware of. In this article we breakdown the main changes. Changes in Employers National Insurance Contributions/Employment Allowance If you’re an employer with a National Insurance Contributions (NICs) liability, or with employees...
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The Art of Invoicing
Late payments affect nearly half of all UK invoices, creating major cash flow challenges for businesses. This sobering reality expresses why knowing how to handle invoice management is vital to your company's financial health and sustainability. Becoming skilled at invoice management requires more than asking for payments. UK businesse...
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How to Master Payroll Basics: A Step-by-Step Guide
The concept of payroll is simple, but if not done correctly can lead to big and expensive problems. It can damage business reputation and employee trust. Your business could face serious issues from missed deadlines to calculation errors when you handle payroll without knowing the simple fundamentals. So, what exactly is involved in a ...
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National Minimum Wage vs Living Wage: Key Differences Explained
You’re probably familiar with the terms minimum wage and living wage. But do you know what the differences are between them? In this article we run through all the differences and what you might need to be aware of. Understanding the Three Wage Types The UK has three different wage types that everyone should know about: the Nationa...
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How to Reduce Corporation Tax: Practical Steps for Businesses
Navigating the financial landscape of corporation tax can often feel like an intricate chess game, where understanding the rules and implementing strategic moves can significantly benefit your business's bottom line. Learning how to reduce corporation tax is not just beneficial; it's essential. The importance of this endeavor lies not onl...
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