Last year, contractors were affected by the biggest change to payroll procedures in decades; Real Time Information (RTI). The new legislation meant that contractors would have to start filing payroll information online every month, and failing to do so would, like most things when it comes to paying the government, incur penalties.
Employers had to start sending information on the payments they made or were going to make through RTI payroll regardless of the amount of pay, P45s and P46s stopped being submitted to HMRC and simply retained by employers, P14s, P35 summaries and employers declarations stopped being submitted and employers had to start sending information about their employee’s salary and associated deductions before or at the same time the payment was made using Full Payment Submission (FPS).
If you are not up to date with RTI, speak with us today. At FW Accounting, we can assist with all your RTI queries.
Self Assessment – Q & A
Self-assessments. We have all heard of them, you maybe even know what they are. However, here at QAccounting some of our most frequently asked questions are about self-assessments. So below we have outline some of the most common questions we get asked, and the answers we get so tired of giving… just kidding.
Setting Up a Limited Company – 5 Key Things to Consider
If you are looking at going self-employed, then setting up as a Limited Company (LTD) may be the best option for you.
The Benefits of Having an Online Accountant
Here at QAccounting we are part of one of the UK’s largest contractor service providers. We started operating over a decade ago (around the same time DFS started their first sale) and have been dedicated to serving self-employed professionals ever since. One of the perks of choosing and accountant like QAccounting is that we offer all of our accounting services online.