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]
New employer auto enrolment changes
October 2017 marked the fifth anniversary of auto-enrolment. So far, more than 8.5 million people have been enrolled, many of whom will never have saved in a pension before. From the beginning of October, if you begin employing staff for the first ... [Continue Reading]
Zero Hours Contracts – are they really that bad?
Zero Hours Contracts seem to get a bad press. The impression being given that they are totally unacceptable and unfair to workers. That is an undeserved view. It is true that sometimes Zero Hours Contracts can be abused. However there is also a ... [Continue Reading]
Outsource your Payroll
Payroll is considered a nuisance by many small business owners. They hate doing it, don’t understand it and spend ages at it. And yet, it is possibly the easiest regular business function to outsource. There are many specialist payroll bureau ... [Continue Reading]
Taking on a new employee
Taking on an employee can be one of the most exciting indicators that your business is growing. It can also be one of most stressful and time consuming tasks you face as a small business owner. Becoming an employer means you face a whole new range of ... [Continue Reading]
A-Z of Benefits in Kind
Benefits in kind or employee benefits are non-cash benefits. They are sometimes referred to as ‘perks’ of the job. They may include things such as private medical insurance, childcare, gym memberships, and company cars. Benefits in kind also ... [Continue Reading]
