Payroll might not get much attention but it’s one of the most important things in running a business. If your employees aren’t paid correctly or on time, it affects trust, motivation, and team happiness.
That’s why we’ve created this easy guide to help you understand payroll in the UK, from the basics to the more complex parts. Whether you’re running a business or managing accounts, this guide is here to help you keep things running smoothly.
In every business, buying things or hiring services is a regular activity. But not all payments are made instantly. Most of the time, suppliers send a bill (called an invoice) and expect payment after a few days or weeks. This delayed payment is known as accounts payable and managing it well can make or break your business cash flow.
Every year. The deadline is 6th July, just after the tax year ends on 5th April.
Example: For the tax year ending 5 April 2025, your P11D must be submitted by 6 July 2025.
You also need to give each employee a copy of their own P11D form by this date.
Managing your business accounts can be stressful, time-consuming, and expensive. That’s why many companies today are outsourcing their accounting work to expert firms. It’s not just about saving time — outsourcing can actually help your business grow faster and earn more profit.
Once you begin trading or doing anything to make money through your business, you must register for Corporation Tax. This needs to be done within 3 months of starting your business activities.
Many freelancers and contractors wonder if IR35 rules apply when working outside the UK or for foreign clients. The UK tax laws around off-payroll working (IR35) can be confusing, and international contracts make it even more complex. That’s why at SAS KPO Services, we’re here to simplify things for you. This guide will help you understand how IR35 rules impact contractors working with overseas clients.
If you can’t find it anywhere, you can call HMRC’s Corporation Tax helpline. Be ready to provide your company registration number (CRN) and other details for verification.
At SAS KPO Services, we understand the challenges businesses face. That’s why we provide tailored solutions to make your accounting smooth and hassle-free:
Bookkeeping: Keep your records clean and organized.
Payroll Management: Pay your team accurately and on time.
Tax Compliance: Stay compliant with ease.
Financial Reporting: Get reliable insights for better decisions.
Green accounting, also called environmental accounting or sustainable accounting, includes environmental and social factors in financial decisions. Instead of focusing only on short-term profits, it looks at the bigger picture by measuring how economic activities affect the environment and society over time.
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