business – J&P Accountants

Simplified Declarations for Imports

by Admin | Nov 29, 2022 | Accounting, BLOG, Business, crossborder selling, E-Commerce, Tax

As mentioned in our earlier articles, the old import and export customs processing system (CHIEF) is gradually being replaced by a new customs declaration platform. If your business needs to import goods from countries other than the UK, it must be declared at...

Understanding Tax Codes in the UK

by Admin | Nov 25, 2022 | Accounting, BLOG, Business, HMRC, Tax

Our earlier article mentioned Payslip and mentioned how to check payslips. Financial expert Martin Lewis has once again mentioned that incorrect tax codes on wages can cost hundreds of pounds. How to interpret the tax rate you should pay by tax code? Can the...

Corporation Tax

by Admin | Nov 22, 2022 | Accounting, BLOG, Business, HMRC, Tax

If you start a business, and it’s massive, at least it’s not your own solitary operation. You may need to discern whether businesses are subject to corporation tax and what changes after the Autumn Statement. This article will cover everything you need to...

Keep a Budget, Keep Home Buying

by Admin | Nov 9, 2022 | Accounting, best practice, BLOG

If you keep following our articles, you may see news of inflation continuing to rise. Just last week, the Bank of England announced an interest rate hike to 3%, a disaster for most homebuyers with a loan. How to maximize the benefits of your property during tough...

Employing Overseas Workers in the UK

by Admin | Nov 8, 2022 | Accounting, BLOG, Business, HMRC, Tax

If your business needs to hire overseas employees, you need to know how to formulate a PAYE for them. In addition to this, you may also want to understand how different types of employees should be taxed. In this article, we will interpret the basic tax law for...