Starting a business in the competitive UK tech market means staying on track with all the latest innovations within your field. One vital consideration for any UK tech startup is accountancy and ensuring the business is up-to-speed with all legal obligations relating to payroll, PAYE,...
For any small business owner, continuous growth and an increased customer base is part of the long-term plan. However, this will also eventually mean you need to hire staff to cope with this extra demand. If you have not done this before then it can...
This year's PAYE deadline for employers with a payroll was Friday 31 May. So, if you're reading this and have yet to get round to it, you're probably a little behind. Every year hundreds of people miss such deadlines, so what happens when a deadline...
If you have recently started your own company, then there will be lots to get done. Just getting a foothold in your sector and attracting customers is enough for any startup to be going on with. Alongside this, looking after your payroll is crucial if...
Entrepreneurs are, by their very nature, interested in doing things differently. They want to embrace change and commit to tasks that go against the status quo. However, while this is a common approach for entrepreneurs and those looking to develop and build small businesses, it is...
Any small business or startup tends to rely on a few key employees or even just the business owner for most administrative functions. However, it's not always feasible for the business owner or key administrator to run a payroll effectively. This is even more critical...
If you're planning a startup or already running a small business, VAT and registering for VAT will be a major consideration. This is particularly the case if you're close to reaching the VAT threshold or know your startup will go over this limit in the...
As a startup, you're likely watching the pennies very closely. Startups generally want to keep as many essential business processes "in-house" as possible, because it cuts costs. While it can technically be cheaper, does that actually mean it's what's best for your business? The answer...
If your annual turnover exceeds £85,000, then you must register to pay VAT. However, VAT can be somewhat confusing for many small businesses. In order to avoid any penalties down the line, it's important to make sure you're following the rules on VAT. Here are...
UK startups across all business sectors face legal responsibilities to pay employees appropriately. Some factors to consider include ensuring payment of the national minimum wage at the very least and ensuring all essential deductions from salaries. Essential deductions include any necessary repayments of student loans...
Any existing VAT-registered business or UK startup planning to register for VAT needs to be fully aware of the new Making Tax Digital requirements and what this means for their business. 1 April 2019 was the deadline for digital VAT returns compliance. Although HMRC has indicated...
Running a payroll for any size of business can be a complex matter and government requirements for Real Time Information (RTI) can make this more difficult. Use of RTI means employers - including start-ups - need to report all gross pay, National Insurance (NI), tax...