Pros and cons of voluntary VAT registration
The decision as to whether you should register for VAT is an important one for any business owner, but as with any tax issue, it’s not straightforward! In this blog, we go over the pros and cons to help you decide whether it’s right for your business. VAT is a tax levied on most goods […]
What you need to know about tax changes in 2023
As always, a new tax year means changes about which businesses need to be aware. Developments over the last six months have made it even more vital to keep on top of government policy. Check our list below and ensure your business is up to speed. Increase in Corporation Tax From April 2023 the main […]
Five things to do before starting a business
Starting a new business is both an exciting and daunting time. While you’ll want to nail your business plan and think about how you’ll attract customers, it’s also vital to ensure that the practical aspects are taken care of. The team at AMR Bookkeeping Solutions know the challenges of building a business from scratch and […]
HMRC delays Making Tax Digital deadline for self-employed businesses and landlords
HMRC have delayed the Making Tax Digital (MTD) deadline for self-employed businesses and landlords. The deadline for these groups was originally April 2024, however, the government have announced that they are pushing it back due to the current challenging economic circumstances. Here, the team at AMR Bookkeeping Solutions provide everything you need to know about […]
Wishing you a very Happy Christmas!
As we reach the end of 2022, we would like to wish all our clients a very Happy Christmas and New Year from the entire team at AMR Bookkeeping Solutions. For many of us, 2022 has been an unsettling year. The invasion of Ukraine, the cost-of-living crisis, political instability in the UK government and rising […]
A guide to telling HMRC about a new employee
When you hire someone new, you will usually need to inform HMRC. There are a number of steps you will need to go through to get the correct information about your new starter and set them up in your PAYE system. Here, the team at AMR Bookkeeping Solutions provides their guide to telling HMRC about […]
What happens if you do not report payroll information on time?
Companies with one or more employees must report their payroll information each month. Filing your payroll information is important as it allows HMRC to calculate the correct amount of PAYE that you owe – and HMRC has penalties in place for late or non-filing PAYE information. Here, the team at AMR Bookkeeping Solutions discusses the […]
December Newsletter
As another year draws to a close it is often the time for reflection and to set those New Years resolutions! The last two years have shown us that we should appreciate the small things in life and here at AMR we will be celebrating the Christmas period with our own loved ones. We […]
A guide to reclaiming VAT on fuel and petrol expenses
Claiming back VAT on fuel expenses can be a tricky process. Working out mileage and gathering the required proof to present to HMRC can be complex and time consuming. However, the rising cost of fuel means that claiming back VAT could save businesses a significant amount of money. The team at AMR Bookkeeping Solutions gives […]
National Insurance cuts – everything businesses need to know
The government has confirmed that it will reverse April’s temporary 1.25 percentage point uplift in National Insurance Contributions (NICs), effective from 6 November 2022. The cuts will see NIC rates return to their 2021/22 levels and reduce the NI bills of both individuals and businesses. Here, the bookkeeping team at AMR Bookkeeping Solutions discuss what the cuts mean […]
