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Small businesses

Payrolling of benefits mandatory from April 2026

Samantha Holmes Academies, Accounting, Business, Business Support, Business Taxation, Cash flow, Charities, Construction, Economic / Business News, Elaine Shaw, Employees, Employers, George Hay, GH Payscheme, Hospitality, In the News, Industry Sectors, Large businesses, Legal, Legislation, Outsourced Services, Payroll, Professional, Research & Development, Retail, Samantha Holmes, Scientific, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member, Technical, Travel November 22, 2024November 22, 2024benefits in kind, business tax, employers, outsourced services, P11D, payroll, taxation 0 Comment

From April 2026, payrolling of benefits will become mandatory. This will significantly change the way that employee benefits are reported and taxed in the UK. So, what do employers need to know? Under the new rules, all UK employers must

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Understanding the Employment Allowance: Why is it so important?

Samantha Holmes Academies, Business, Business Support, Charities, Construction, Economic / Business News, Employers, George Hay, GH Payscheme, HMRC, Hospitality, Industry Sectors, Large businesses, Legal, Outsourced Services, Payroll, Professional, Property, Research & Development, Retail, Samantha Holmes, Scientific, Small businesses, SMEs, Start-ups, Team Member, Technical, Travel November 16, 2023employers, employment allowance, national insurance, payroll, RTI 0 Comment

For UK employers, who face a myriad of obligations, responsibilities and challenges in the course of hiring and retaining employees, the Employment Allowance can be a vital financial aid. This blog explores the importance of understanding the Employment Allowance, and

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Is it time to switch and save on your utility bills?

Kevin Taylor Academies, Accounting, ATOL, Bookkeeping, Business, Business Advisory, Business Support, Buy-to-Let, Cash flow, Charities, Cloud Accounting, Construction, Economic / Business News, General, George Hay, Holiday Lets, Hospitality, In the News, Industry Sectors, Kevin Taylor, Landlords, Large businesses, Legal, Online Accounting, Outsourced Services, Professional, Property, Property business, Research & Development, Retail, Scientific, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Team Member, Technical, Travel November 14, 2023March 8, 2024Accounting Software, apps, cash flow, cloud accounting, cost-saving, UK businesses 0 Comment

Thanks to increased demand and limited supply, amongst other influential factors, the UK energy market has fluctuated a lot since 2021, and rising utility bills are still a significant concern for many UK businesses today. Unlike for households there is

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Setting up a Limited Company in the UK: A Wise Business Move?

Samantha Green Accounting, ATOL, Audit, Bookkeeping, Business, Business Advisory, Business planning, Business strategy, Business Support, Business Taxation, Buy-to-Let, Cash flow, Construction, Corporation Tax, George Hay, Holiday Lets, Hospitality, Industry Sectors, Landlords, Legal, Professional, Property, Property business, Research & Development, Retail, Samantha Green, Scientific, Self-Assessment, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member, Technical, Travel, VAT November 10, 2023business structure, business tax, limited company, tax planning 0 Comment

When it comes to structuring your business, there are several options to consider – one of which is to establish yourself as a limited company. But, is this a wise business move? Ultimately, which structure you adopt depends on your

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UK subsidiaries: Do you need an audit?

Richard Dilley Academies, Accounting, Audit, Business, Business Advisory, Business Support, Charities, Construction, Economic / Business News, George Hay, HMRC, Hospitality, Industry Sectors, Large businesses, Legal, Legislation, Professional, Property, Research & Development, Retail, Richard Dilley, Scientific, Small businesses, Team Member, Technical, Travel September 18, 2023audit, audit thresholds, parent companies, UK subsidiaries, UK tax 0 Comment

Many UK subsidiaries of overseas ‘parent’ companies are unaware that they may be required to have an audit. This is concerning given that so many international organisations use UK subsidiaries. This could be to scale up their operations or to

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Digital Accountancy Show 2023: What did we learn?

Samantha Green Academies, Accounting, Annual Accounts, Bookkeeping, Business, Business Advisory, Business Support, Cash flow, Charities, Charity accounting, Construction, Economic / Business News, Employers, George Hay, GH Online Accounting, Hospitality, Industry Sectors, Large businesses, Legal, Online Accounting, Outsourced Services, Professional, Property, Property business, Research & Development, Retail, Samantha Green, Scientific, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Team Member, Technical, Travel August 1, 2023Accounting Software, apps, bookkeeping, business performance, cloud accounting, digital accounting 0 Comment

The Digital Accountancy Show 2023 took place on 15 June at Evolution, Battersea. We couldn’t miss the opportunity to network and learn about the latest advancements in accounting tech. Our GH Online Accounting division offers an outsourced bookkeeping and cloud

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Airbnb hosts face tax probe and penalties for undeclared income

Barry Jefferd Barry Jefferd, Business, Business Advisory, Business Support, Buy-to-Let, Economic / Business News, George Hay, HMRC, Holiday Lets, In the News, Industry Sectors, Landlords, Large businesses, Personal Taxation, Property, Property business, Self-Assessment, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member June 16, 2023airbnb, HMRC, holiday lets, let property campaign, property tax, rent-a-room relief, trading allowance 0 Comment

HM Revenue & Customs (HMRC) are looking into the earnings of Airbnb hosts. Those not declaring their income correctly could face penalties and sanctions. This is part of routine activity to identify individuals not paying the correct amount of tax

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