What are Annual Accounts?
Big or small, it is essential that you provide Companies House and the HMRC with detailed records of your in-goings and outgoings for your business. By providing them with detailed records – in the form of Annual Accounts – they … Continue reading
RTI Brought in at the Weekend
From last weekend, the biggest alteration to the PAYE system since 1944 will be in effect. Real Time Information, or RTI, was introduced from the 6 April and will affect all businesses who pay their employees through the PAYE system. … Continue reading
So You Want to be an Employer!
Initially becoming an employer for the first time is an exciting event. Employing staff brings with it additional responsibilities as well as an increased workload. Registration with Her Majesty’s Revenue & Customs (HMRC) is fairly straight forward. Once the relevant … Continue reading
Paying Your Employees
Paying your employees on time and the correct salary is an important factor in maintaining employee satisfaction and motivation. Personnel changes, deadlines and tax regulations all add to the complexity of producing a payroll. Outsourcing your payroll service can ensure … Continue reading
What is Company Formation?
There are many ways to set up in business. Some may choose to buy a company and others to set up from scratch. Choosing the most appropriate trading method for you depends upon what you are seeking and, therefore, having … Continue reading
New Tax Penalties To Watch Out For
It is important for any small business owner to remember that new late filing penalties have been brought into effect by HMRC in April 2011. Anyone who does not file their self-assessment tax forms on time will be subject to … Continue reading
Outsourcing The Accounting Process
Without access to accurate and timely financial information it is very difficult to run a business profitably. This is why it makes sense for small businesses to hand over control of their financial processes to accountants, who undoubtedly have superior … Continue reading
VAT Registration Made Simple
Whilst optional for small businesses, larger organisations with a sales turnover in excess of £70,000 per annum (currently) must register for VAT. This turnover assessment is based on a rolling 12 month period and not the business financial year so … Continue reading
How To Get The Most Out Of Your Accountant
Every small business needs accountancy services that are appropriate, affordable and supportive. Finding the right level of service can be a challenge, but with the advent of the internet it has become easier to get responsive and affordable accountancy services … Continue reading
What is VAT All About?
Value Added Tax is a tax levied by governments on the sale of goods or services. The rate varies by type of good or service provided but the standard rate is 20%. This tax must be added to the price … Continue reading
Small Business Company Formation
Yorkshire Accountancy has a lot of experience dealing with small startup businesses. We understand the importance of the process of Company Formation will have on the future of your business and can offer expert advice and guidance to anyone going … Continue reading
Why You Should Outsource Your Payroll
Unlike so many other technical and complex areas of business, staff payroll is the one with perhaps the highest staff satisfaction impact! Getting the correct tax and pension deductions and making the appropriate payments to both staff and government agencies … Continue reading
Annual Company Accounts Made Easy
Year End company accounts are a legal responsibility that has to carried out by every business. Missing the submission deadlines leads to expensive and unnecessary fines. These penalties are completely avoidable if you choose an experienced and well organised … Continue reading
Sage One online bookkeeping and accounts
Today Sage have launched their own online bookkeeping system called Sage One. Must say I am surprised. I assumed that it would have been very expensive but they have blown open the market with a pricing structure that I am … Continue reading
HMRC Gets Tough On Online Traders
If you are one of the many people in the UK who currently sell items on the Web, HM Revenues and Customs will soon be taking a closer look at your activities. Last week HMRC announced that it would be … Continue reading