Below you'll find a list of all posts that have been categorized as “AEL News”
Chancellor Rishi Sunak presented his 2020 Budget on Wednesday 11th March. We have summarised the top headlines business owners and employees need to be aware of: Business Owners Corporation tax: The main rate of corporation tax will remain at 19% for 2020/21 Employment Allowance: Employer National Insurance Contributions is increasing from £3,000 to £4,000. Helping with the reduction to costs …
From 6 April 2020 UK residents who sell a residential property that gives rise to a capital gains tax (CGT) liability must send a new standalone online return to HMRC and pay the tax due within 30 days of completion of the sale. This is a significant departure from the current filing and payment time-frame where taxpayers have until the …
The pitfalls of auto enrolment Since April 2012, all UK employers are legally obliged to automatically enroll all eligible workers into a qualifying pension scheme by a specific deadline (‘staging date’). This is one of the most onerous challenges to face businesses in recent years and the financial penalties for breach can be severe. AEL Markhams can assist you every …
An all too common story Have you ever experienced that moment when you realise there isn’t enough cash to meet the wages bill at the end of the month? What about ensuring you have reserves set aside to settle large tax or VAT liabilities due to HMRC? Have you ever had that unexpected phone call from your bank manager to …
How and when will it affect you? Individual taxpayers AEL Markhams has been submitting personal tax information securely online to HM Revenue and Customs (HMRC) for some years now, and every individual & business in the UK has a digital tax account. If you have chosen us to look after your personal and, or business’s tax affairs, then managing this …
Payroll is constantly changing… … and can become a potential headache. From Workplace Pension to Real Time Reporting. National Minimum Wage to the Working Time Regulations. All these and more have added to the already daunting gamut of knowledge required to process a compliant payroll. The penalties for falling short of any one of a number of legislative obligations can be …
Whatever your business, Xero has tools you’ll love Small business owners are always hunting for cost-effective business solutions. Which is why at AEL we help our clients utilise Xero, our recommended online accounting solution. Xero has all the time-saving features you need to grow your business, including: Pay Bills Fast bank reconciliation Tracking Create purchase orders Automation Go mobile Claim …
IR35 is a topic that’s been talked about, and on many of our minds right now, particularly with the revised legislation from April 2020 fast approaching. From this date, it will be an employer’s responsibility to determine an individual’s employment status. But what does this legislation mean, and how will it affect you? Here’s what we like to think is …
