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Our latest blogs
What help is available to households, due to increased living costs for 2022?
May 27th 2022With the ever-increasing cost of living in 2022, on 26/5/2022 the Chancellor announced grants for all households, to help with the increasing costs of heating homes. There will be different levels Read moreTax Rates & Minimum Wage for 2022/2023
April 4th 2022Minimum wage for 2022/2023 is dependent on the employees age: Age Rates from April 2022 23 and over £9.50 21 to 22 Read moreHow do I add sales to Quickbooks if the customer has already paid me?
October 9th 2021A sales invoice is the document you raise in bookkeeping when you are asking a client to pay you for your goods or services. Normally the sales invoice is raised and sent to your client, then yourRead moreChanges to NI & Tax to cover Health and Social Care
September 10th 2021From April 2022: The Prime Minister announced on 07/09/2021 there will be an increase in tax from April 2022 to cover the shortfall in funding for the NHS due to the pandemic, and to cover socialRead moreWhat are the penalties for filing tax returns late?
April 10th 2021Individual tax returns due by 31st January.Partnership tax returns due by 31st January.CT600 Corporation tax returns Read moreWhat is the most tax efficient wage for a Director for 2021/2022?
April 1st 2021Each year most people get an amount that you can earn tax free. For the year 6.4.2021 to 5.4.2022 this amount is £12570. A limited company does not get a tax-free amount it can earn, it paysRead moreHow do I clear an overdrawn Directors’ loan account?
March 27th 2021A Director/Shareholder might put money into their own limited company and then later they pay themselves back. This movement is shown in the accounts as money coming into the limited company as aRead moreWork out if someone is self employed or should be on payroll.
March 20th 2021If you appoint a contractor or subcontractor to work with you, and they are not genuinely self-employed, you can become liable for the tax and employers’ national insurance of that person. SimplyRead moreChanges to IR35 off payroll working from 6th April 2021.
March 13th 2021For medium and large sized businesses, (you meet 2 of the 3 conditions below to be a medium or large sized business): You have an annual turnover of more than £10.2 million.You have assets beforeRead moreChancellor Budget announced on 03/03/2021 & Tax Rates 2021/2022
March 3rd 2021The furlough scheme was due to end in April 2021 but has now been extended to end of September 2021. Employees will continue getting 80% of salary for hours not worked, up to £2500 per month. TheRead moreLearn how Force Accounting can help you grow, develop and build your dreams
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