In the Know: The Flat Rate Scheme Explained
The Flat Rate Scheme is a VAT option a business or company can opt into to determine the way in which they pay VAT back to the HMRC and more importantly, how much they have to return.
The Flat Rate Scheme is a VAT option a business or company can opt into to determine the way in which they pay VAT back to the HMRC and more importantly, how much they have to return.
Recent legislation regarding auto-enrolment into workplace pensions for employees has been brought in by the Government to encourage workers to put aside for their future. This legislation states that employer’s with workers that fall under the following criteria must automatically enrol them into a workplace pension scheme.
As a Director of a limited company you are able to claim a percentage of the costs of childcare as an expense through the government’s Childcare Voucher Scheme. The scheme allows you to claim up to £55 per week or £243 per month towards childcare costs incurred.
In a recent Social Media Survey sent to our clients, over 60% of the Contractors asked currently use Facebook and LinkedIn for personal use, but have they ever considered how social media could help their position as a Contractor professionally.
As of January 2013 the Government changed the rules regarding high earners and the possible charge arising on the Child Benefit that they receive. Child Benefit has always been paid out to individuals of all levels of income however, post the start of 2013 high earners now have to pay an extra tax charge on Child Benefits received throughout the…