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Why are more people turning to self-employment?

The landscape of work is changing, and we’ve observed a significant trend: a growing number of individuals are stepping into the world of self-employment.   But what’s prompting this shift? Let’s delve into the factors contributing to this movement.   Seeking Flexibility One of the primary drivers is the desire for flexibility. Traditional employment often […]

What does flexible working really mean?

Last month I was invited to a roundtable discussion with the Department of Business and Trade to discuss flexible working and my experiences with flexible working. At the start of the discussion we were all invited to introduce ourselves and share what flexible meaning meant to us.  And I thought that was a great question!  […]

How does maternity leave and pay work when you have your own business?

Congratulations, you’re pregnant and getting ready to have a little bundle of joy! While this is such an exciting time, it can also be a bit stressful if you’re a business owner. Unlike traditional employees, you don’t have an HR department laying out your maternity leave and pay options.   So what options do you […]

How do I incentivise my employees?

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 […]

Should I have an Amazon Business Account?

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 […]

How do I start a career in Accountancy?

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. […]

Increase to National Minimum Wage & National Living Wage for 24/25

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 […]

Your Tax Return – What will you owe?

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 […]

Why you should consider payrolling benefits in kind

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 […]

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