National Insurance Contributions (NICs) and dividend tax rates will rise in April 2022 to fund a new health and social care package. [Read more…]
As we move towards the end of the year, we look back on 2021 with rather mixed feelings.
SMEs are increasingly seeing the need to understand, measure and manage their impact on the environment. With RfM Transform’s Carbon Action Programme (CAP), reducing your organisation’s carbon footprint is simple and straightforward.
As the economy emerges from the pandemic, we should expect a sea change in HMRC’s approach to recovering tax debt.
Recent proposals to overhaul income tax administration could have a major impact on unincorporated businesses.
Thinking and talking about dying is something no-one wants to do. But having those difficult conversations and making plans now, while you’re alive and in good health, will protect your loved ones from the potential nightmare of you dying without a Will.
You don’t have to be a limited company to trade as a business. It’s possible that you’re operating already as an ‘unincorporated entity’ (usually as a sole trader, or a partnership). And the way that limited companies and unincorporated entities are taxed is very different.
Whether you need business funding and finance to get your plans off the ground, expand your business or keep the cash flowing, RfM Funding Solutions can help.
Most people had never heard the word ‘furlough’ before last spring, but the Coronavirus Job Retention Scheme proved to be a lifeline for many businesses and their employees. The scheme was completely new to the RfM Payroll team too but they would soon be claiming tens of thousands of pounds each month to help our clients pay their staff.
Last summer, Chancellor Rishi Sunak introduced a temporary 5% VAT rate as part of a package of measures to support the hard-hit hospitality and tourism sector. As trade slowly starts to return to normal, VAT will increase to 12.5% from 1 October before reverting to the usual 20% next April. If you’ve not already done so, you should prepare for the change now.
Pandemic or no pandemic, employers still have to fulfil their Pensions auto-enrolment obligations. Here’s a reminder of what you should be doing now.
Homemade cakes, up-cycled furniture, jewellery and pet portraits… over the last year, furlough and flexible working has afforded people more time to turn their hobby into a nice source of extra income. But what’s the position on side hustles and tax?
As the economy starts to reopen, how flexible do employers have to be when it comes to giving staff time off? Take a few minutes off yourself to brush up on the facts about employee holiday entitlement.
During the pandemic, employees required to work from home have been able to claim tax relief for additional costs not reimbursed by their employer. Those wishing to claim for expenses in the current tax year need to make a new claim.
Scam texts, emails and phone calls claiming to be from HMRC are on the rise. Here’s how to spot a scam and prevent the fraudsters stealing from you.