Just taken on a locum working through her own company. Needs accounts and tax return for Dec 14 year end. Been taking £950 a month salary. RTI - what's that? There isn't even a PAYE scheme yet.
Small accounting practices have more to deal with with issues like RTI and auto enrolment, yet many tax advisers will have less access to HMRC, according to ICPA chairman Tony Margaritelli.
While the focus of the Budget aftermath was on the cuts to welfare there was plenty for employers to home in on too. Kate Upcraft gives her observations.
Director 1 man band client has paid over 35 years worth of NI, and is going onto dividends only from now on. He still needs a payroll scheme for P11D purposes only.
Why are standard hours reported via RTI so important for Universal Credit?
At last, the long awaited penalties for month 12/quarter four have started to arrive with employers and agents, writes Kate Upcraft.
I have lots of one man band payroll clients and process an annual salary of £10600 (10k in 14/15) to take advantage of the ER's NI relief.
The introduction of Real Time Information (RTI) has had a considerable effect on businesses and their Accountants.
I’m a trusting soul, so when I was told by HMRC that the April Employer Bulletin would clarify what the PAYE penalty regime is now, I believed them.
Do you have to make RTI returns each week/month for 1 man band companies? These directors' returns are nil returns mostly as they do not have any NI and payroll liabilities.
- RTI troublespots: Low paid directors 58,632 128
- RTI payroll software: free options 32,680 18
- RTI - all employees below LEL but PAYE scheme 27,309 24
- RTI troublespots: Starters/leavers, CIS, NMW & multiple FPSs 25,093 34
- Real Time Information checklist 24,999 12