• Posted September 16, 2016

When do I need to set-up a PAYE scheme?

When you need to set up a PAYE scheme may seem confusing, but here are three common scenarios where employers need to ensure they are complying with PAYE regulations: As an employer you do not need a PAYE scheme if you pay yourself or an employee under the Lower Earnings Limit (LEL) (for Tax Year […]


  • Posted April 25, 2016

Keeping Records

  Last week I was asked twice about keeping records – which made me think perhaps it should be the next topic for my blog. So what records do individuals and businesses need to keep, and for how long?   HMRC require all businesses (whether sole traders, partnerships or limited companies) to keep and retain […]


  • Posted March 31, 2016

How to pay your corporation tax

As accountants, we often get asked by our clients how to pay corporation tax. Reference To pay your corporation tax you will need your 17 character Corporation Tax payslip reference for the accounting period you are paying.  The reference number can be found by logging into your company’s HMRC online account and going to “view […]


  • Posted March 22, 2016

What the 2016 budget means for small businesses

The latest budget was billed as the budget for “the next generation”, but there was plenty of good news for small business owners too, here are a few of the headline points. Business Rates Following significant lobbying from small business groups, George Osborne announced that from next April, the rate at which small business rates […]


  • Posted March 21, 2016

The end of the annual return

From June 2016 companies will no longer have to submit an annual return to Companies House, instead they will submit a confirmation statement. Unlike the annual return, companies will be able to submit a confirmation statement any time they wish.  They will however, have to make the statement at least every 12 months. The confirmation statement […]


  • Posted March 8, 2016

Preparing for the National Living Wage

On 1 April 2016 the new National Living Wage of £7.20 an hour for workers aged 25 and over will take effect. There are several steps employers must take to ensure that they comply with the new rates, including: Finding out which staff are eligible for the new rate Updating their payroll before 1 April 2016 […]


  • Posted February 1, 2016

Sage Shortcuts

At Whitesides, we have been using Sage for over 20 years. We have trained and supported hundreds of businesses on how to use Sage and are often asked about shortcuts. Using shortcuts on Sage can save a significant amount of time when entering transactions, and all without the need to move the mouse. Here are […]


  • Posted December 18, 2015

What is salary sacrifice and would it benefit my business?

  A salary sacrifice arrangement is when an employer and an employee agree to reduce the employee’s salary in return for certain benefits. There are financial advantages for both the employer and the employee if a salary sacrifice arrangement is agreed as the employee’s remuneration shifts from cash (where tax and National Insurance (“NI”) is due) to […]


  • Posted December 11, 2015

Is Cloud Accounting Right for My Business?

More and more companies are using cloud based software to manage their finances. But is it right for your business? The main concern with using cloud based software is, is it secure? You are posting significant amounts of sensitive data to a server that is owned, maintained and secured by someone else. But providing your […]


  • Posted December 4, 2015

Parties for Employees

It’s December, which means one thing – Christmas party season! We thought it would be a good idea to remind our readers of the tax implications of hosting a staff Christmas party.  It is estimated that British businesses will spend nearly £1bn on festive events this year. Approximately 72% of businesses intend to hold a […]