March Newsletter
Afternoon Although the clocks don’t change until the end of March, we are starting to see the first signs of Spring coming through and here at AMR we have continued to be busy posting blogs on our website and social media channels. Please follow us on LinkedIn or Facebook to keep up to date with […]
Better bookkeeping for landlords
It’s becoming increasingly complicated to be a landlord. Legislation covering every aspect of the business is continually streaming from Westminster and equally rapidly being updated; the Renters (Reform) Bill which is currently passing through Parliament will bring a number of major changes, such as the abolition of Section 21 ‘no-fault’ evictions. It seems that you […]
National Living Wage and National Minimum Wage – what’s the difference?
Payroll is a complicated process, and the abundance of financial terminology can sometimes be overwhelming. Unless you’re a professional, it can also lead to confusion and errors, particularly when similar terms get mistaken for each other. Two phrases which are frequently misunderstood are the National Living Wage and National Minimum Wage. Many people believe they […]
A bookkeepers’ guide to preventing money laundering
Money laundering is an illegal operation that involves disguising large sums of money, which have been accrued through criminal activity such as drug trafficking, so it appears the money has come from a legal source. Funding for terrorist organisations is a growing source of money laundering. In the process, the money is ‘laundered’, so it […]
HMRC Form 64-8 – 2023 updates
HMRC keeps us on our toes with regular changes and updates, all of which have to be taken on board straightaway to avoid complications or penalties for non-compliance. Form 64-8 is a form which is used by a client to give authorisation to an agent, such as a bookkeeper, to deal directly with HMRC on […]
How to correct an employee’s overpaid National Insurance contributions
Running a company payroll isn’t always straightforward. Common problems include incorrect or late payslips, missed pension payments, under or over-payment of salary, wrong tax calculations and issues with National Insurance (NI) payments. In this blog, we look at what you should do if you find you have inadvertently overpaid an employee’s NI contributions. National insurance […]
Effective credit control for the small business
If you’re running a small business, sooner or later you’re going to be faced with the difficult issue of dealing with late payments. Large companies usually have more leeway to manage these, but the impact they have on a small business can be severe; the worst case scenario could mean going into administration. A report […]
December Newsletter
December Newsletter 2023 Morning/afternoon As we approach the end of another year it is a time for reflection – a time to release old thoughts and beliefs and forgive old hurts. Yesterday is history. Tomorrow is a mystery. Today is a gift – that’s why it’s called the present. And our present to you is […]
Getting to grips with workplace pensions
Automatic enrolment of employees into a workplace pension became a legal requirement for large UK companies in October 2012. This scheme was gradually rolled out, and by 1st February 2018 all members of staff in UK businesses, who didn’t opt out, were part of a pension scheme. As an employee, you have a duty to […]
Payroll for Small Businesses
Paying your staff the right amount at the right time is at the heart of any business. For many small businesses, the responsibility for handling all payroll matters rests with the owner, or a key employee. As anyone who has been involved in managing payroll knows, it can be complicated, and take up a lot […]
