One area of confusion for VAT registered traders who either employ someone or use sub-contractors or other self-employed individuals.
If you are in business then the next hurdle that you may be facing is Making Tax Digital (“MTD”). In this article I will look at the basics of MTD.
WatkinsonBlack have considerable experience in all areas of taxation and businesss services, including providing a very cost-effective payroll bureau service.
We deal with many Limited Companies and frequently find that the director(s) have an overdrawn ‘loan account’.
What a perverse world we live in. In my younger days we used to wait with baited breath in March to find out how much tax we would be paying from the following month.