USEFUL HMRC GUIDES

We have provided several useful downloadable documents and links to information which may be of help to you with the bookkeeping of your small business. It will give you an indication of what is required of you when running your business and how a bookkeeper can take this strain away from you if needed. All of this is information is freely available from the HMRC website however we have listed below information which we feel is most relevant to self employed and small business owners. Should you need help please do not hesitate in contacting us via our contact page or by telephone on 01483 382 383

HMRC Self Assessment Guide to Keeping Records For Your Tax Return

This guide is extremely helpful and a necessity if you are new to business. It is the perfect guide as to what the HMRC requires in terms or record keeping.

P11D HMRC Guide

If any of your employees receive any benefits in kind, you will need to submit a P11D. Please read this guide to understand what is considered a benefit and how it should be treated in the eyes of the HMRC

VAT Record Keeping

You must register for VAT if your turnover is 85k or more in any concurrent 12 month period. The link below provides all the information required to enable you to keep your VAT records in order.

Payroll

When you employ staff you have responsibilities as an employer, the link below provides a basic outline of your responsibilities. It also provides information on how to set up your PAYE (Pay as you earn) scheme.

Making Tax Digital (MTD)

Check HMRC's rules for Making Tax Digital for VAT and if required find which software is suitable for you and sign up, We currently offer Quickbooks FREE when you sign up to any of our Monthly Bookkeeping Packages.