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Brilliant Bookkeeping

The annual 'Tell ABAB' survey is now available to complete.  The survey which is commissioned by an independent body, the Administrative Burdens Advisory Board, provides crucial insight on the big issues faced by small businesses in the tax system.The survey takes aroun...
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Payroll Year End

March 27, 2023
The payroll year ends on 5th April. If you are an employer running payroll you need to report to HMRC on the previous tax year and give your employees a P60. You must send your final Full Payment Submission (FPS) on or before your employees' last payday of the tax year. Reme...
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HMRC are in the process of issuing P9 coding notices for the tax year starting 6 April 2023. Email notifications to employers began on 6 February and will continue until 5 March2023.  The notice advises when the new tax codes can be viewed within your PAYE Online Accoun...
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'Tis the Season

December 5, 2022
Christmas is coming and if you are planning to give your employees some Christmas cheer there are a few things to remember to ensure they do not incur additional tax or National Insurance deductions.  Staff parties - not necessarily at Christmas time - must cost less th...
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Unapproved Debt

October 25, 2022
For decades small businesses have been struggling to get hold of the money they are owed and the problem is not getting any better. Some 59% of small business owners experienced big business customers increasing their payment terms during the pandemic. Too much of a small fi...
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With the majority of small businesses now registered for MTD for VAT, it is now time to start preparing for the introduction of MTD for Income Tax.In light of the Covid pandemic the planned start date has been pushed back from 2023 to April 2024. This may seem some way away ...
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Xero Bank Feeds

June 27, 2022
Xero have just announced exciting changes to the 90 day reauthentication rule for bank feeds.Bank feeds automatically import transactions from your bank or financial institution directly into your Xero organisation, eliminating the need to import transactions manually. Once ...
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Platinum Jubilee

May 30, 2022
As the nation prepares for a 4 day celebration of the Platinum Jubilee of Queen Elizabeth II, we would like to add our congratulations on this momentous occasion.  The Queen has ruled for longer than any other Monarch in British history, becoming a much loved and respec...
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Xero Hour

May 3, 2022
The clock is ticking for Making Tax Digital but for many small businesses owners the prospect of changing their existing accounting system to to an MTD compatible one is a daunting one. However Xero makes the whole process so straightforward. Simply login to Xero, enter...
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Making Tax Digital

April 4, 2022
Since April 2019, VAT registered businesses with a taxable turnover above the VAT threshold (currently £85,000) have needed to keep VAT records digitally and send returns using Making Tax Digital (MTD) compatible software.From April 2022, these requirements will apply to al...
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