Business Start Up

What are the April 2024 tax changes?

Notable changes came into effect on 6 April, including the dividend allowance, employee National Insurance contributions (NICs), and the threshold for high-income child benefit starting at the beginning of the new tax year.   Tax adjustments The dividend...

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MPs warn unfair banking is harming small firms

The Treasury Committee has warned about the negative impacts of unfair banking practices and inadequate financial regulation on small and medium-sized enterprises (SMEs). The report, stemming from an inquiry into SME access to finance, highlights the struggles these...

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Government launches online NI payments tool

HMRC, in collaboration with the Department for Work and Pensions (DWP), has unveiled an innovative online tool designed to help individuals verify gaps in their National Insurance (NI) contributions from 2006. The "Check your State Pension Forecast" tool aims to...

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Payments on Account (Self Assessment)

Payments on account Payments on account are advance payments towards your tax bill. You have to make 2 payments on account every year unless: your last self assessment tax bill was less than £1,000 you’ve already paid more than 80% of all the tax you owe, for example...

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Payroll payments – via Modulr

As a small business owner, you know how much of a headache paying employees can be. With Modulr, your accountant can take payroll off your hands – preparing and managing all payments securely. Not only will it save you time – it takes the pressure off them, too....

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What exactly is a ‘Micro-Entity’?

What is a ‘micro-entity’? A small business is treated as a micro entity as long as it doesn’t exceed two or more of the following criteria in a financial year: Turnover of over £632,000 Balance sheet total of £316,000 Employing no more than ten employees. If you tick...

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