There are many ways you can incentivise employees, ranging from informal gifts and events, to formal arrangements for bonuses and even giving employees shares in your company.  Today we’re covering both some ideas for bonuses and share incentives.   Standard Bonus Scheme  You can operate a bonus scheme on a discretionary basis, i.e. give an […]

Did you know that Amazon (that let’s admit we all know, love and use way too often) has a business section? Yes, there is an Amazon Business which is specifically for businesses. So if your business regularly buys from Amazon, you should have a separate Amazon Business Account   Here is some additional information that […]

Many people often ask us at PPF how we started our career and studying in bookkeeping or accountancy. Maybe you have asked this very question yourself! If you are anything like me, it took a long time to decide what career I wanted to get into, and for me it meant completely changing my career. […]

Under the minimum wage legislation, workers must be paid at least the statutory minimum wage for their age. There are two types of minimum wage, the National Living Wage (NLW) and the National Minimum Wage (NMW). The NLW & NMW increase on April 1st each year. National Living Wage (NLW) The NLW is a higher […]

For way too many business owners, their biggest stressor is, of course, tax. Or, more specifically, feeling completely in the dark about what they will owe.   Even the most prepared business owners often come to us, devastated that they saved for their tax bill all throughout the year, only to find the number on […]

If you provide staff with benefits in kind, such as company cars, medical insurance etc., you must report these annually to HMRC using forms P11D and P11d(b).  There’s another way to report benefits in kind – this is taxing them monthly through payroll instead. It’s called payrolling benefits in kind. Here are the main advantages […]

The first year of my business was, I think it’s fair to say, a bit of a disaster! Those early months as a brand photographer were idyllic. I was supporting myself, busy with client work, and giving it my all. I was happy to work long days and weekends and had no idea burnout was […]

In the labyrinth of tax regulations, the trading allowance emerges as a beacon of simplicity for small business owners and side-hustle enthusiasts. Let’s look at this provision and see how it can benefit you.   So what is the Trading Allowance? Think of the trading allowance as a tax-free threshold. Launched in April 2017, it […]

On Sunday 21st April my husband, James, and I will be taking part in this year’s London Marathon as part of Team Refuge – eek!! (I would say we’re running the marathon – but let’s be honest, I’m not a runner and there’s no way I will be running the whole 26.2 miles.  So lets […]