Book-keeping Every business has financial records, and will know that successful business accounting needs successful bookkeeping procedures to back it up. Maintaining your financial records can be a difficult process, and obtaining the data and information needed by…
What is Pay As You Earn (PAYE)? HMRC uses the PAYE system to collect Income Tax and National Insurance Contributions (NIC) from employees as they earn it. The Employer As an employer you must deduct Income Tax and…
What is VAT? Value Added Tax (VAT) is an indirect tax charged on most goods and services provided by VAT registered businesses in the UK. There are different rates of VAT depending on the goods or services that…
