Are you ready for the next payroll deadline?

6th June 2024 by Joanne Stoneman

With the PAYE end of year procedure safely negotiated your next payroll task is preparation of the various employee-related reports required by 6 July. What steps must you take to avoid trouble with HMRC?

Invoice factoring: how do you account for VAT?

31st May 2024 by Joanne Stoneman

Invoice (debt) factoring is a service that businesses with cash-flow problems might consider. Broadly, it means obtaining finance secured against the value of unpaid invoices. What does this involve in practice, and does it create a VAT headache?

Tax breaks for renting a room

29th May 2024 by Joanne Stoneman

Rent-a-room relief allows you to receive rent of up to £7,500 per year from letting part of your home. However, it doesn’t always work to your advantage. When should you consider disclaiming the relief?