Wondering what is Job Seekers Allowance? Jobseeker’s Allowance (JSA) is a taxable benefit for people who are not working full-time (works below 16 hours per week) or are unemployed. It is a benefit for people who are below state pension age. Though Universal Credit has replaced so many benefits of the people of working age
What is Job Seekers Allowance (JSA)? Read More »
Under real time information (RTI), employers are required to report pay and deductions information to HMRC ‘at or before’ the time that the payment is made to the employee. This is done by means of the full payment submission (FPS). Penalties are charged if the FPS is filed late or if HMRC did not receive
RTI Penalties and Period of Grace Read More »
Starting a new business is a dream for many, but few people take the plunge to make it happen. In the beginning, you need to do a lot of things for your business. One of the major considerations that you can’t forget is securing investment. As for starting a business, you need funds to turn
Steps To Securing Investment For Your Small Business Read More »
Before jumping into the business world, you need to understand the different types of business and choose one that suits you. There are many business structures to choose from, so you need to do your research beforehand to be legally compliant. And to be saved from the hassle of legal complications and most importantly to
Types of Businesses in the UK Read More »
After deciding to start your business! You might wonder “How to register a business”. As it is the first step before starting your business venture. You need to know that there are multiple ways to register your business in the UK. The level of registration depends on different factors like your business type, size, number
How to Register a Business in Uk? Read More »
A limited liability partnership (LLP) is not a partnership but a body corporate with a difference – there are no shareholders or guarantors (as there would be for a company limited by guarantee) but partners (designated ‘members’) carrying on a trade or business with a view to profit. It is a structure commonly used by professionals such
Limited Liability Partnerships Read More »
Income statement, cash flow statement, and balance sheet are the three important financial documents that every business needs while setting up a limited company. One of the most important statements that you need to generate annually is the balancesheet. So before starting your business, you need to know what is a balance sheet is and
What is a Balance Sheet? A Basic Guide Read More »
This question pops up ” how much is your business worth?” in our mind when it comes to buying, selling, or expanding a business. Finding out the value of your business provides a deep insight into its financial health helping you to secure investment and make effective business decisions. However, valuing a business can be
How to Value a Business? A Guide for Small Business Owners Read More »
When it comes to paychecks, you need to know what is gross pay. The gross pay is the advertised amount used by the companies to attract people to jobs. However, it’s not the amount that is provided to the employees. By knowing the gross pay and how it works can help you to make better
What is Gross Pay and How to Calculate it? Read More »
Back in July 2020, the residential stamp duty land tax threshold in England and Northern Ireland was increased to £500,000 to help stimulate the property market after the first wave of the Covid-19 pandemic. The increased threshold was originally due to applying from 8 July 2020 until 31 March 2021, but as the Covid-19 pandemic
New Lower SDLT Residential Threshold Read More »
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