Accountants in London

 All UK employees must receive a P60 form at the end of each tax year as part of the PAYE scheme. This 'End of Year Certificate' summarises their total pay and tax deductions for the tax year. But what does this mean for you as a business owner? Don't worry, a P60 isn't a difficult task! All employers must provide an annual P60 to all employees by the 31st of May following the end of the fiscal year. There are three options for handling your P60 admin: Your payroll software can generate P60s for you automatically, saving you hours of paperwork. Adding compatible payroll software to your FreshBooks account simplifies things even more. You can also use HMRC's free payroll software if you have fewer than ten employees. If you are not eligible for online filing, you can order paper P60 forms from HMRC to complete manually. Allow at least 7 days for these to arrive via mail, so don't wait until May 30th to place an order. Of course, you can instruct your accountant ...

 How can I get my money back from the value-added tax? is a question that comes up rather frequently here. Additionally, VAT on mileage claims is one of the more complicated areas in which our customers frequently seek our assistance and advice. It can be difficult to determine how much VAT you are entitled to claim back, and it can also be challenging to acquire the proof you need to prove that you comply with HMRC rules. Check out this short video for a concise explanation of how businesses can reclaim VAT on fuel and gasoline expenses incurred during business travel. In this post, we've compiled a list of the four ways businesses can reclaim VAT on these expenses, and you can choose the method that works best for you. Option 1: Is it possible for your company to get back one hundred percent of the VAT it paid? According to HMRC, you are eligible to reclaim the full amount of value added tax that you paid on fuel purchased for business reasons. However, you must be able to provi...