What is the process to pay a dividend
You want to pay a dividend because you’ve heard it’s the most tax-efficient way of taking an income from the business. But the process isn’t as simple as just drawing out cash. With dividends, its important you follow the right steps. HMRC are hot on compliance checks...
Registered Office Address vs Business Address
If you’re running a business from home, you may be hesitant to have your house as your registered office address. Your registered office address will be a matter of public record because it is listed on the public register of companies with Companies House. But the...
How can I make it easier for people to pay me (and fast)?
Setting up multiple payment methods in Xero is a major quick win. Offering different payment methods makes it easier for people to pay you, and it’s actually really easy to do using Xero online payment services. Getting paid fast can really help put a business...
How much is National Minimum Wage 2021
The clocks have changed, spring is sprung, and April is fast approaching. It is time to make sure you are paying your workers the correct amount. So how much is the National Minimum Wage in 2021? On 1 April the National Minimum Wage (NMW) rates for all ages of workers...
Will the new IR35 changes affect me?
New IR35 tax changes will come into force in the private sector in April 2021. As a result some self-employed workers, and the businesses that hire them, will have to pay tax differently. Are you one of the 170,000 ‘contractors’ who may have to pay more tax? Are...Follow Starfish Accounting
