Before you employ anyone you’ll need to let HMRC know you’re planning to do so³. You can do this up to 8 weeks before you pay anyone for the first time. It takes up to 15 days to get your employerPAYE reference number- so make sure you leave enough time for all the paperwork...
Whether you want to find a UTR and use it, or you’re lost in a maze thinking of what you should do if you lose the number, we’ve got your back with a UTR number example and more!
Note: You will get $25 if your net balance crosses $100. It is not mandatory that you should get $100 at a single shot to be eligible for this offer even if you get $10, $20, etc in each month and your net transaction crosses $100 then you’re eligible for this offer. If your...
If you want to sell goods in the UK, you'll need a Value-Added Tax number. Here's how to register for one, and how to stay VAT compliant.
If your profits are less than £300,000, you’ll payCorporation Taxof 20%. This means you can pay your salary with a low wage (lowering PAYE and National Insurance contributions) and dividends. Which basically means you get to keep more of the money you make. ...
Get ready for the 2024/25 Self Assessment deadline with expert tips and insights from Quickbooks. Discover essential strategies to prepare for stress-free tax.
This is a much more effective way to deal with your HR and payroll tasks than usingspreadsheetsand Word documents, which will slow you down. And by using modern HR andpayroll software, you’ll be able to submit data to HMRC quickly and accurately so you can manage your PAYE and National...
If you are the director of a limited company, you may need to complete a Self Assessment, depending on how you receive your income and whether you are already taxed through PAYE. Filling in a Self Assessment tax return in the UK is also an option if you wish to make voluntary Class 2...
Ten years ago, she founded Techlicious, which serves the role of that tech-savvy friend you can count on to share tips and tricks to get the most out of technology; whether that’s saving time in our hectic schedules, discovering new ways to enjoy our personal interests, or keeping up ...
Set up your PAYE registrations Check what benefits you must offer your employees Get employer’s liability insurance Once complete, the HMRC will send you a letter. This will give you the information you need to start hiring subcontractors under CIS. ...