by Pi Accountancy | Sep 15, 2021 | COVID-19, Director, HMRC, Job Support Scheme, PAYE, Payroll, Taxes
The recent ‘pingdemic’ has resulted in large numbers of employees self-isolating. Where an employee meets the qualifying conditions, you must pay them SSP while they are self-isolating. As qualifying periods of self-isolation count as a Coronavirus-absence, if you are...
by Pi Accountancy | Jul 9, 2021 | HMRC, PAYE, Self-Assessment, Taxes, VAT
From 15 June 2021, all businesses and organisations will need multi-factor authentication in order to sign into the Government Gateway. Multi-factor authentication Businesses and organisations that use HMRC’s online services and which do not currently receive an...
by Pi Accountancy | Jul 2, 2021 | Business, PAYE
You can use a PAYE Settlement Agreement (PSA) if you wish to settle the tax liability arising on the provision of a benefit-in-kind or an expense on an employee’s behalf. This can be useful if you wish to preserve the goodwill nature of a particular benefit. Nature of...
by Pi Accountancy | May 22, 2021 | Business, HMRC, PAYE, Self-Assessment, Taxes, VAT
Business records if you’re self-employed You must keep your records for at least 5 years after the 31 January submission deadline of the relevant tax year. HM Revenue and Customs (HMRC) may check your records to make sure you’re paying the right amount of tax....
by Pi Accountancy | Apr 22, 2021 | HMRC, PAYE, Self-Assessment, Self-Employed, Taxes
Thresholds and allowances frozen! To help meet some of the costs of the COVID-19 pandemic, the Chancellor has opted to freeze various allowances and thresholds until April 2026, rather than increase the rates of income tax and capital gains tax. As incomes rise over...
by Pi Accountancy | Apr 7, 2021 | Business, COVID-19, HMRC, PAYE, Self-Assessment, Self-Employed, Taxes
Checking your tax code – 2021/2022 If you pay all or some of your income tax via PAYE, it’s important to check that you are on the correct Tax Code (CT). As we start the new 2021/2022 tax year, HMRC will be sending out your individual coding notices (usually via...