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...
Government backed coronavirus loans – everything you need to know
We wouldn’t blame you at all for feeling a bit brain boggled about the Government backed coronavirus loans that have been made available to businesses as we progress through lockdown, not least because of the heavy amount of acronyms involved. BBLS and CBILS for SMEs...
What to do about deferred VAT payments
Back in March 2020 HMRC announced that they would allow business owners to defer VAT payments due between 20 March 2020 and 30 June 2020 to 31 March 2021, as a result of the Coronavirus pandemic. If you have deferred VAT payments then read on. Many businesses took...
How to use Postponed VAT Accounting to manage import VAT from 1 January 2021
So we’re here – the Brexit transition period has ended. As of 1 January 2021 there are changes to how you have to account for import VAT. This means any UK VAT-registered business that imports goods into the UK from anywhere in the world will need to adapt to a...Follow Starfish Accounting
