How to register your new PAYE scheme
This article and video gives easy to follow, step by step instructions on registering a new PAYE scheme with HMRC.
A new scheme can be registered either online at www.hmrc.gov.uk , by telephone ( 0845 60 70 143) or in writing.
Read more about How to register your new PAYE scheme
How to choose your accountant
Do you really need an accountant?
If your business is small and you have less than £15k turnover pa and are organised, willing to research various business guides and the HMRC website to keep up with tax, VAT, payroll, NIC legislation … then the answer is likely to be No.
If you are not organised, then either get organised or get an accountant, as at the very least they can save you the various HMRC penalties and interest that is charged for late registration, late submission of tax returns, late payments of tax and late VAT registration.
Read more about How to choose your accountant
Save Tax and National Insurance with your limited company
It is possible to reduce your (UK) personal tax and national insurance by running your business via a limited company.
The amount of tax and NI you can save will depend upon several factors including the company’s profitability, your personal circumstances and the amount of funds you wish to withdraw from the business.
Read more about Save Tax and National Insurance with your limited company
PAYE due on 19 February
PAYE for the period 6 January 2008 to 5 February 2008 is due for payment to HMRC by 19 February 2008.
CIS tax deducted from subcontractors for the period 6 January 2008 to 5 February 2008 is due for payment to HMRC by 19 February 2008.
