News

Read below for the latest financial and business news.

PAYE Settlement Agreement reminder

If you have a PAYE Settlement Agreement (PSA) in place for 2019/20, you will need to pay the tax and National Insurance due under the agreement by 22 October 2020, assuming payment is made electronically. If you pay by cheque, the cheque must reach...

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Setting up a HMRC online account

We have put together some screen shots on how to set up a HMRC online account. Please note there are several options you can choose to identify yourself to HMRC, but in this example the P60 option was chosen. So if you choose a different option the...

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Our Tax Investigation Service 2020/21

April is the time of year we normally write to all clients to either renew/join our optional tax investigation service. Subscribers to the scheme who receive a; tax, PAYE, VAT inspection from HMRC, during the service period, benefit by having...

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Coronavirus financial support update

We start with limited companies and their Directors as very little has been reported about them and what support is available..   Limited companies and directors   This especially applies to one-man or two-man limited company businesses....

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Furlough Letters Guidance

PLEASE NOTE: THIS IS AN EXAMPLE ONLY AND SHOULD NOT BE RELIED UPON UNTIL YOU HAVE CONFIRMED CONTENTS WITH YOUR LAWYERS AND / OR HR SPECIALISTS Please also see Knights PLC interpretations. FURLOUGH LETTERS An employee furlough refers to a temporary...

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What can you be doing this week?

While access to most of this support is not yet immediately available there are things you can be doing in the meantime to plan ahead and understand what you need Basic cash inflow/outflow estimate for next 3 months (6 months ideally); both...

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What about limited companies and directors?

Many of our clients are in this position; they run a limited company, act as a director and pay themselves a small salary topped up by dividends. This presents a problem…. As far as we can see, these businesses and individuals do not come under the...

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