We often get asked for SA302’s by clients who are applying for mortgages. An SA302 is an HMRC-generated form with a breakdown of income. An example is shown at the bottom of this post. The unfortunate issue is that the mortgage lenders typically insist on this type of income proof and will not accept a
The Flat Rate VAT Scheme (FRS) is a scheme that allows businesses with a turnover of under £150,000 to pay VAT on a fixed percentage of their gross turnover rather than the amount of VAT received less the amount paid out. This is supposed to reduce beaurocracy as the calculation of the VAT return is
We often get the question from our contractor clients or other small Limited Company clients about whether they have to comply with auto enrolment at all. The answer is not necessarily but they still need to consider their situation and let the Pension Regulator know what they are doing. The first thing to do is
With the advent of Auto Enrolment pensions, all Employers are going to become more familiar with the ins and outs of pension tax relief! Unfortunately just to complicate a complicated system even more there are two fundamental ways that the Employee contributions can be calculated. If a worker has agreed to the minimum contribution which
We often get asked about what an employee or Contractor (who is an employee of a Ltd Company) can claim in the way of expenses while on business travel away from their normal place of work. Firstly it is important to understand if the employee is away from their permanent place of work or at
Summer has finally arrived in the Central Belt. And along with press stories of sunburn and ice creams are a number of stories about the Pensions Regulator clamping down on Companies who have not complied with their workplace pension requirements. An example of this is a story in the Herald today Herald Story on Auto
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