Posts Tagged ‘bookkeeping’
Annual Payroll Reporting and Tasks
Preparing your payroll records is an important element of accounting for any small business and applies even if you only have a single employee. Without accurate payroll calculations and records you can run into difficulties with Government legislation such as that for the minimum wage allowances. Recent “naming and shaming” of businesses often show that…
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Bookkeeping Requirements for Sole Traders
If you are a self-employed either as a sole trader or as a partner in a business partnership you must keep records of your business activities. Here is a short summary of the bookkeeping requirements for sole traders: Income and Expenses For your tax return you will require records of all business income received and…
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Class 2 National Insurance Contributions
Class 2 NICs were due to be abolished in April 2018, however the Government has now delayed this and will instead introduce the NICs Bill will now be introduced in 2018, with the abolition coming into effect in 2019. The delay will reportedly save the government around £200 million. What is the background to this…
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