Unbelievably Christmas is only 80 days away. The festive season is a time to celebrate your year’s success and give back to your dedicated workforce. It’s common to gift a staff bonus, in the form of a cash payment added to their wages. However, did you know that there is a more cost effective way to treat your staff this Christmas? This is how to...
Welcome to the September 2023 News Update from Prestige Business Management September 2023 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Due date for payment of Corporation Tax – 1 October 2023 for period ended 31 December 2022 Due date for register for Self-Assessment – 5 ...
Income tax is collected by the government, from your personal income, to pay for public services including but not limited to education, welfare and the NHS. Most personal income is subject to tax including earnings from employment, self-employment, some benefits and pensions, rental income and returns from savings and investments, over certain thresholds. Why do we Pay Income Tax? Income tax is one of the...
We offer fresh accounting for your landscape gardening business. We understand that accounting will often be the last thing on your mind after a hard day’s work. That’s why we offer simple, smart, custom accounting solutions for landscape gardening businesses of every scale. Accounting for Your Landscape Gardening Business We understand the tools of the trade for every burgeoning landscape gardening business. Prestige Business Management...
Welcome to the August 2023 News Update from Prestige Business Management August 2023 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Due date for payment of Corporation Tax – 1 September 2023 for period ended 30 November 2022 VAT return submission and payment – 7 September...
National Insurance Contributions (NICs) are a type of tax paid upon earnings for employees and the self-employed. NICs are the UK’s second largest tax revenue source, after Income Tax. NICs are only paid by those who earn over the tax threshold annually. What are NICs? The majority of revenue from NICs is generated by employer contributions. Followed by employee contributions. Class 2 and 4 NICs...
If you are self-employed your business model is likely to be fairly straight forward. Your clients hire you, they agree to a contract and the rate you charge for your services, you invoice for the work you have completed and your client pays. So far so simple. But how do you increase your freelance business value? How to Increase Your Freelance Business Value There are...
Our specialist accounting for business coaches helps those in the industry reach their full potential. We understand the unique challenges that face business coaches and how to fully support your professional ambitions with targeted accounting services. Specialist Accounting for Business Coaches Your success relies on the time and headspace you have to dedicate to supporting your clients. That’s why we provide specialist accounting for business...
Welcome to the July 2023 News Update from Prestige Business Management July 2023 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Due date for payment of Corporation Tax – 1 August 2023 for period ended 30 October 2022 VAT return submission and payment – 7 August...
Your self-assessment tax return is a complete record of your tax filing for the relevant financial year. This needs to include everything relating to your personal income. Here we explain everything your accountant needs to know, to complete your self-assessment tax return accurately. What Your Accountant Needs to Know to Complete Your Self-Assessment Tax Return Here we identify what your accountant needs to be aware...