HMRC aren't always right. Scott runs through three areas where you may need extra guidance: Personall Allowance, Enquiry procedures and penalities, and Directors' Tax Returns
I have recently received emails asking to engage with me regarding a new product, where payroll can assist, or rather, is required. We all know about the damage pay day loan companies can cause to our employees, along with high credit card charges etc. when there is an ad-hoc need e.g. washing machine breaks down.
The new products on the block are all very similar in their delivery model:
Cash flow of any business is its heart beat - without sufficient cash it cannot grow or maybe even survive.
The obvious way to fund any business is through its own retained profits. This will involve no interest payments and means that if an asset is being acquired it is owned from day one. But, is using its own cash the best way for a business to trade or grow?
HMRC targets 50 large dental practices to challenge their employment status. If Dental Associates are to be treated as employees then the dental practices will be responsible for significant additional costs in the form of employer National Insurance Contributions (NICs), which are not recoverable costs.