Outsourcing
Unleash your business potential. Consider the power of outsourcing.
School Holiday Cover
School Holidays, Business As Usual The joyous cheers of children on school holidays can evoke mixed emotions for small business owners. While there’s a natural desire to enjoy the break alongside family, keeping the business afloat requires a strategic approach. Here’s how to ensure your small business not only survives but thrives during the summer […]
Employing School-Age Workers.
A Guide to Employing School-Age Workers. Cultivating Young Talent School-age workers, young adults aged 16 and over or about to leave school, can be a strategic hiring move. These enthusiastic and adaptable individuals bring fresh perspectives, a strong work ethic, and a willingness to learn. Here’s a guide to navigating the legalities and maximising the […]
Teach Your Children Finances
When and How to Teach Your Children About Finances Planting the Seeds of Prosperity Money. It makes the world go round, as the saying goes, and yet for many, it remains a confusing and even taboo topic. But here at The Paperwork Team, we believe financial literacy is a fundamental life skill, and there’s no […]
Striking a balance
Striking a Balance Optimising Business Operations During the Summer Holidays Introduction As business leaders, we at The Paperwork Team Ltd understand the unique challenges you face during the summer holiday season. The desire to create lasting memories with loved ones is paramount, while ensuring the continued success of your enterprise remains a critical responsibility. This […]
July 31st Payment on Account Due
July 31st Payment on Account Looming For many self-employed people, July 31st marks a crucial date on the calendar. It signifies the second and final opportunity to make a payment on account towards your self-assessment tax bill for the current tax year. This looming deadline can cause anxiety, but with some proactive steps, you can […]
Mastering Your Time off
Holiday Hacks: Mastering Your Time Off Like a Pro Dreaming of sun-drenched beaches or epic adventures? Here’s your ultimate guide to mastering your time off and maximising your precious holiday time, whether you’re a seasoned traveller or just planning your first escape. Know Your Rights (and Perks!) Entitlement Check: First things first, understand your […]
Calculating Employees Holiday
Calculating Employees Holiday Summer is here, and with it comes the irresistible allure of getaways, adventures, and much-needed rest. At The Paperwork Team, we understand the importance of employee well-being, and that includes taking advantage of well-deserved holidays. However, managing and calculating employee holidays can feel like a juggling act. Fear not! This blog post […]
Departing Bookkeeper
Bookkeeper Service: The Challenge of a Departing Bookkeeper “Help! My Bookkeeper is leaving next week!” was the distressed call from a very busy, hardworking builder in the midst of constructing and renovating houses. Faced with the sudden departure of his bookkeeper, he found himself in a predicament, unsure of how to balance his day-to-day projects […]
P11D
Demystifying P11Ds: A Guide for Employers and Employees The end of the tax year can be a busy time for both employers and employees. One aspect that often causes confusion is P11Ds. But fear not! This blog aims to shed light on P11Ds, explaining what they are, why they’re important, and who needs to be […]
VAT Reverse Charge
VAT Reverse Charge for Construction Industry The VAT domestic reverse charge for building and construction services comes into effect from 1 October 2019. (1st March 2021) The reverse charge represents part of a government clamp-down on VAT fraud. A domestic reverse charge means that a contractor receiving a supply of specified construction services must account for the […]
ITSA
https://thepaperworkteam.com/wp-content/uploads/2022/11/20221110-214749-231.mp4 Making Tax Digital (MTD) This is a government initiative to digitalise the UK tax system. This was due to come into effect in April 24, however, the deadline has now been extended to April 2026 and the threshold increased to £50,000. If you were excited about going digital and would still like to move […]
