AROUND £2.5BN IN VAT is owed to the public purse by UK businesses struggling to meet their bills, according to independent finance provider Syscap. Information provided to Syscap by HM Revenue & Customs shows the taxman managed to drive down overdue VAT from £2.7bn last year… Read More »UK businesses owe £2.5bn in VAT to HMRC
SS ACCOUNTING SERVICES is a proadvisor for Quickbooks online accountant. The package includes a payroll system run by Paysuite. The payroll system is free for paying up to five employees and then £1 extra for each additional employee added. So why wait before introducing this… Read More »Payroll services offered by SS Accounting Services
HM Revenue & Customs (HMRC) is warning that anyone who still has to file a self-assessment tax return must do so electronically by 31 January of every year and that being even one day late will incur a £100 late filing penalty – See more… Read More »SELF TAX ASSESSEMENT – be aware of deadlines for filing returns
What payroll information to report You must report your payroll information – which includes all employees’ pay, tax and deductions – to HM Revenue and Customs (HMRC) each time you pay them. This must include payments on standard paydays, and any additional payments or amounts… Read More »Payroll reports requirements