Unravel the threads of tax regulations, incentives and strategic financial planning for businesses in the United Kingdom below. Here you will find comprehensive guides for businesses navigating the intricacies of accounting, bookkeeping and payroll in the UK.
April 22, 2025
Coming into effect in summer 2025 is a change to the High-Income Child Benefit Charge (HICBC). Employees can soon opt to pay through PAYE without the need to file a self-assessment and make a lump sum repayment, instead reporting through HMRC’s new digital service.
Payroll
All
March 19, 2025
The rules for High Income Child Benefit Charge (HICBC) just became a little more forgiving with the threshold being increased to £60,000 but even if you’re above the new limit, find out why you should not skip claiming the benefit.
Accounting
All
Tax advice
All
March 11, 2025
Every tax year, the government introduces changes, some beneficial to businesses and others quite costly. The upcoming 2025/26 tax year included an increase to employer's national insurance contributions (NIC). To find out what impact this has on your business, use our calculator to forecast an employee's potential cost per month based on the new NIC rate.
Payroll
All
February 26, 2025
Covid-19 turned our homes into makeshift offices and to help cover the extra costs, HMRC introduced a working from home tax relief. But now that the pandemic has passed, things have gotten a little tricky. The question, “Can I still claim that allowance?” isn’t as simple as, “I work from home, so yes.”
Accounting
All
Bookkeeping
All
February 12, 2025
As the 6 April 2025 deadline approaches for the new national minimum wage (NMW) rates, it’s crucial for employers to prepare adequately. If you find yourself feeling unprepared, there’s no need to panic. This guide outlines essential steps for employers to ensure compliance while reassuring you that these changes can be managed effectively.
Bookkeeping
All
Payroll
All
January 13, 2025
We can sympathise, you may have not realised that you need to complete a Self Assessment tax return or you didn’t know that HMRC has a registration deadline set for October 5th. Missing a Self Assessment registration deadline can feel overwhelming. However, there some steps you can take to rectify the situation and avoid severe penalties.
Accounting
All
Tax advice
All
December 11, 2024
The Autumn '24 Budget announced significant wage increases, including a 6.7% rise in the national living wage to £12.21 for those aged 21 and over, and an 18% boost for under-18s and apprentices to £7.55, effective April 2025. Read on to learn more about these changes.
Payroll
All
Accounting
All
November 25, 2024
The Autumn Budget 2024 introduced major tax reforms aiming to tackle economic challenges and support public services. However, it faced criticism for raising business costs, particularly from the farming community. Key measures include increased National Insurance contributions, higher Capital Gains Tax rates, and a significant minimum wage hike, alongside boosts in NHS and education funding.
Accounting
All
November 20, 2024
Autumn Budget announcement has gradually cooled down in the media, but it marks just the beginning for employers to reassess their finance status. With the potential for increased costs and changes to the Employment Allowance, employers could face significant challenges find out if you'll be affected by the changes and what they mean in this blog post.
Payroll
All
October 10, 2024
The number of Sole traders, partnerships and private companies are all in decline, why is that and does it matter? Let's explore why setting out on your own is becoming less and less attractive.
Accounting
All
Tax advice
All
October 4, 2024
The construction industry is poised for growth over the next 5 years. However, increased demand brings complexities that require strict payroll processes. In this blog post, we will highlight essential payroll guidelines for this industry.
Payroll
All
August 9, 2024
Navigating holiday pay can get tricky as different rules are dependent on the worker type. This article will help guide you as an employer to make informed and compliant calculations.
Payroll
All
April 22, 2024
Every fiscal year brings new challenges for accounting and payroll teams as they try to adapt to the changes revealed in the Spring budget. With changes to the national minimum wage, student loan thresholds, pensions and national insurance, it’s important for employers to understand and adjust to the new guidelines.
Payroll
All
January 15, 2024
This blog post will guide you step-by-step, demystifying some of the major regulations and ensuring your business steers clear of potential pitfalls. From PAYE tax deductions to auto-enrolment in pension schemes, the journey through this landscape requires careful navigation.
Payroll
All
Accounting
All
hello@folio.partners
0203 727 0278
