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What is a Dormant Company? 1 powerful tool to consider

Dormant companies are very common in business with thousands registered with Companies House but exactly what is a dormant company? Well there are many different situations where a company needs to be opened or kept open without actually trading but with potential filing requirements at both HMRC and Companies House the cost and administrative burden of …

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HMRC Payment on Account – Refresh your knowledge now

If you’re not familiar with the self assessment system and all it’s quirky features then the first year of self assessment can deliver you a nasty surprise. After all a tax liability 50% higher than what you were expecting isn’t ideal shortly after the Christmas period. Unfortunately due to HMRC’s payment on account system this is the …

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National Insurance Employment Allowance

The UK National Employment Allowance of £4000

Class 1 national insurance is a burden that UK employers who pay their employees above the secondary threshold for national insurance (£169 per week 20/21) have the bare. To help ease this burden and encourage employment in small businesses, some “smaller” employers can take advantage of a national insurance employment allowance available from HMRC. In …

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