Defined benefit pension schemes have always been regarded as a top hat pension arrangement available to only a fortunate select few. The massive employer costs associated with these pension schemes means that 9 out of 10 private sector schemes have now been closed and there are now no FTSE 100 companies offering them to new [...]
History The first income tax was introduced in Great Britain was first introduced in 1799, in order to fund the war against the French forces under Napolean. Income Tax is a “temporary tax” and expires every 5 April and Parliament has to reapply it by an annual Finance Act. The PAYE (Pay As You Earn) [...]
When starting a new business you may feel overwhelmed by the amount of different taxes that you need to be aware of, report on and pay. The following is a brief introduction to the main taxes that you will encounter and need to have a working knowledge of when running a business. VAT – Value [...]
The two most popular accounting software packages for small businesses are Sage and QuickBooks, although there are many other packages on the market that are competing for market share including Xero, KashFlow and MYOB. This blog focuses upon the differences and pros and cons of choosing between Sage and QuickBooks. Overview Sage is designed more [...]