5 Best Bookkeeping Practices for Your Business

Employment and Hiring Procedure: The recruitment and hiring process is totally different for each business. The recruitment and hiring process normally consists of five steps.

How to Set up PAYE Scheme: To properly setup an online PAYE scheme, the first step for you is to register yourself as an employer on the website of the HMRC. If you wish, then you can also contact the helpline of the employers of the HMRC at 0300 200 3200 and made a request for a new starter pack of an employer.

There are various benefits of moving from small business to a limited company. Find out here Benefits of Limited Company

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How to Set up as a Sole Trader - Starting your business as a sole trader is one of the best ways to test the water and explore the market before you go all out and establish your limited company and many established businesses in the United Kingdom started as a sole trader in their inception years.

Real Time Information is the most significant change made to PAYE. RTI is designed to make PAYE submissions more efficient and you’ll need to submit information to HMRC in real time when every time you pay employees.

How to Manage Payroll in UK - Payroll management is on top of every business. Running an effective payroll basically involves calculation of salary of your employees and deducting applicable tax from the same and reporting that information to the HRMC in real time in compliance with the tax guidelines and regulations.

VAT Flat Rate Scheme is an incentive provided by the HMRC to help simplify taxes and is used by the small businesses to work out how much VAT they have pay to the HMRC for each quarter.