by Georgi Rollings | 8th February 2013 | Limited company, PAYE, Sole trader, Start ups
Maybe you are one of the 72% of employers that is unaware of the changes that will happen from April? Do you know what RTI is, and is your business RTI ready? RTI, or Real Time Information, is HMRC’s new initiative for payroll which will require you to provide...
by Georgi Rollings | 26th February 2012 | Accounting, Being an employer, Limited company, PAYE
The form P11D is used to provide information on expenses payments and benefits to HM Revenue & Customs. This information has to be given to HMRC by law for each employee or director earning more than £8,500 (UPDATE: this threshold has been removed from 6 April...
by Georgi Rollings | 10th December 2011 | PAYE
Do you know what your tax code is? For most people, their tax code is a meaningless string of digits. It is, however, very important, as it determines how much tax is deducted from your salary. It isn’t unusual for a tax code to be incorrect – millions...