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Are your PAYE payments reaching the right place?
Have you ever received a letter chasing for payment of your PAYE when you know you have paid it? When making PAYE payments, it is vital that your 13-character Accounts Office reference number is shown, or your payments may not be recognised and will languish...
Are you a VAT registered business not yet signed up to Making Tax Digital (MTD) – Your deadline is 31st October 2022
There is no getting away from it, Marking Tax Digital (MTD) for VAT is fast approaching. All VAT registered businesses, regardless of whether they are under or over the £85,000 threshold, will no longer be able to use their existing VAT online account to file...
When should you register for VAT?
You are required to register your business for VAT with HM Revenue and Customs (HMRC) if: your total VAT taxable turnover (your sales) over the last 12 months was over £85,000, the current threshold for 2022/23 tax year you expect your turnover to go over £85,000 in...
Minimum Wage, Statutory Pay and Deduction Thresholds 2022-23
Minimum Wage Rates The rates change on 1st April each year and the hourly rate for the minimum wage depends on your age and whether you are an apprentice. You must be at least: school leaving age to get the National Minimum Wage aged 23 to get the National Living...
Making Tax Digital (MTD) for VAT- 1st April 2022 deadline
There is no hiding from it, MTD for VAT becomes mandatory for all VAT registered businesses from April 2022, even if you are VAT registered but under the £85,00 VAT threshold. What does this mean for your business? You will need to sign your business up to...
Accountant v Bookkeeper
In the accounting world bookkeepers and accountants are to some extent intertwined as bookkeeping is part of accountancy. Bookkeeping (keeping books) is the first step of the accounting process; an accountant will complete the process by analysing the information...
Five signs you need to hire a Bookkeeper
You started your business so you could spend time enjoying the work you do. You probably never factored in the amount of paperwork there would be and how much time it would take you to try and deal with your business accounts. If any of the following resonates with...
Increase of National Minimum Wage & National Living Wage Rates – April 2021
The rates change on 1st April each year and the hourly rate for the minimum wage depends on your age and whether you are an apprentice. You must be at least: school leaving age to get the National Minimum Wage aged 23 to get the National Living Wage – the minimum wage...
ABOUT SUE
Sue Haynes is the founder of Cactus Bookkeeping and helps business owners
with all aspects of Bookkeeping to save them time so they can concentrate on running their
business. Sue is licensed, regulated and supported by the Institute of Certified Bookkeepers (ICB)