The National Living Wage (NLW) and National Minimum Wage (NMW) are set to rise substantially from April 2020. This could mean careful planning and thought for employers so Plan now. You have around three months to decide how to deal with the ... [Continue Reading]
Changing priorities at HMRC
By having an Accountant who keeps up to date with changes to the tax system means you will always be kept in the 'know'. At Central Business Services we keep up to date with the legal requirements to ensure you pay the right taxes ... [Continue Reading]
How to prepare for HMRC payroll and pension investigations
HMRC were in for a lucrative time last year off the back of a number of Payroll Investigations. The total additional tax collected was £819 million, an increase of 16% on the previous year. A large proportion of the tax generated was where the ... [Continue Reading]
The rules on Christmas gifts and parties
Christmas is coming and every year we are asked the same questions about gifts to customers and staff. As far as HMRC is concerned there’s nothing special about Christmas! The usual direct tax and VAT rules apply to gifts. We have put together this ... [Continue Reading]
Temporary staff or Christmas bonus?
If you are intending to employ temporary staff over Christmas or existing staff will work extra or if you will be paying a Christmas bonus, be aware that this might cause issues with Workplace Pensions (Auto-Enrolment). Every member of staff, even ... [Continue Reading]
