Job Support Scheme: How it works and what it means for your payroll
Learn about the coronavirus Job Support Scheme, how it works, and what it means for furloughed employees and your payroll processes.
Filing your taxes before the April 5th deadline can seem like a massive challenge, especially if you’ve left it until the last minute. When you’re running a business, finding time to balance the books, and track corporate income and expenses can be difficult. Making matters worse, failing to file your taxes can lead to significant fines or financial audits.
Many companies use cloud-based tax accounting software to minimise errors and ensure they don’t miss deadlines. With tax software, you can easily file corporate or self-assessment tax returns, manage VAT, and process payments. Tax software will also keep you up to date on the latest financial legislation including auto enrolment, pensions, and new government initiatives.
If your business has a turnover above £85,000 you’ll have to submit VAT returns using the HMRC using tax accounting software.
For 89% of UK businesses, this will mean a change in the way they process tax. We’ve been working with HMRC for years to make sure our accounting software products lead the way in compliance.
As this is the biggest compliance change to affect UK businesses for decades, we’ve made sure all our products will help you adapt, as well as providing plenty of support and advice on Making Tax Digital.
Tax software makes filing income or corporate tax easy. With our software, you can access the necessary forms, quickly create financial reports such as self-assessment or corporate returns, and even file your taxes directly to HMRC.
Powerful tax software for established businesses wanting to manage their financial accounts, oversee and submit VAT, and file taxes directly to HMRC.
Robust tax software for businesses wanting a simple, automated way to process employees’ taxable benefits.
Learn about the coronavirus Job Support Scheme, how it works, and what it means for furloughed employees and your payroll processes.
How will Brexit affect businesses? Read this article for answers to questions you may have as the UK manages the transition period having left the EU.
We highlight the updates and new features that are available in Sage Accounting, which will help you run your business more efficiently.