Employee benefits in kind, the P11D and what employers must report.
Attracting and retaining valued employees is not at all easy these days. One way employers like to try and ‘sweeten’ their employment packages is through benefits such as, private healthcare schemes, company vehicles to the humble mobile phone, but these have tax consequences too.
Why have benefits-in-kind (BIK) become such an issue?
You might wonder why in a time where employees find it…
How to get a PAYE Settlement Agreement (PSA)
If you’re a small to medium-sized (SME) business owner with a number of employees, you may wish to consider applying for a PAYE Settlement Agreement (PSA) to simplify your tax and National Insurance Contributions (NICs) paid on small, irregular, and impracticable expenses or benefits paid out to your employees.Read more
Accounting Services For Companies
From little acorns to mighty oaks, our expert advice will help your business growA limited company has many distinct advantages, and your accountant should help you harness the benefits and give your business a competitive advantage through a seamless service of bookkeeping, accounting, tax and business management.
Call 020 8108 0090 today to book a free, no-obligation meeting.
We believe in…
Small Business: 5 ways to get new customers
For many small business owners, the top priority is always this: how do I get more customers?
Every small business owner knows that it is risky to rely on a regular base of clients, particularly when customers today tend to change their product or service providers often. The most desired outcome is to have a continuous stream of new customers, with some of them becoming loyal customers and…
Starting a part-time business
Not ready to take the leap, consider a business on the side while keeping your main employment.
Having a full-time job is, for many people, the path to job security and financial security. While employment is a more comfortable choice when compared to setting up, owning and running one’s own business, the pace of technology growth and a less than stable economy in recent times have…
Small Business: Protect your business against fraud
Learn how to recognise common fraud and protect your business.
According to the National Crime Agency (NCA), the estimated annual cost of fraud in the UK is about £190 billion. Victims of fraud are varied – they could be individuals, major corporations, public sectors, and of course, small businesses, which make up 99.9% of the business population.
The NCA believes that private sector is…
Small Business: Adapting to changes in social media
Many small businesses view social media as an important component in the marketing mix, but have you kept up with the changes?
Many social media services that we are familiar with today are well over a decade old, with some approaching 20 years soon. Yet many of them don’t remain still – they continue to evolve and adapt, pushing out new features that aim to make communication easier. In…
Small business: Gain competitive advantage through outsourcing
Outsourcing allows small business owners to optimise the use of resources and achieve maximum customer value.
In today’s business ecosystem, small business owners are familiar with the concept of outsourcing, which is to use third parties to perform work that is normally done within a company, as the third parties can provide a better service at a lower cost.
At Tax Agility, we have a team…
Small Business: Delivering excellent customer service
Customer service is a skill which all of us can learn and improve upon.
It is said that the main reason for customer churn is not price, but bad customer service. Many unhappy customers simply don’t return, especially in today’s world where there are plenty of alternatives and choices available. On the other hand, happy customers can help your business grow, as they tend to purchase more and…
An update on COVID-19 support available to small businesses
As the daily number of people tested positive for COVID-19 continues to rise across England, many businesses and self-employed individuals are bracing for tighter restrictions.
(Updated on 7 November 2020)
On Friday (30 October), as the Furlough Scheme was coming to an end, we wrote this blog to talk about the Job Support Scheme (JSS) and other measures. But a day later, Prime Minister…