Paying workers in your social enterprise
Once the organisation decides to pay individuals, the organisation needs to consider setting up payroll in order to pay the correct income tax, national and pension contributions.
VAT Pre registration claims
The prospect of becoming VAT registered can often be viewed as a daunting process by many people. This article gives a brief introduction of some of the rules surrounding a pre-registration claim.
Making Tax Digital
The Government’s new scheme for ‘Making Tax Digital’. This is a new scheme to make it easier for businesses and people to stay on top of their tax affairs and decrease the amount of errors whilst calculating tax returns.
Flat Rate VAT
Flat Rate VAT is an alternative way for small businesses to work out how much VAT to pay to HMRC in each quarter. The rates can vary from 4% to 16.5% depending on what sector your business is operating in.
Managing charity assets
Capitalising and maintaining assets within a charity helps to enable the business flourish it’s charitable purposes. Where charities are legally bound to provide accounts, a balance sheet must be included.
