Your auto enrolment solution

The pitfalls of auto enrolment Since April 2012, all UK employers are legally obliged to automatically enroll all eligible workers into a qualifying pension scheme by a specific deadline (‘staging date’). This is one of the most onerous challenges to face businesses in recent years and the financial penalties for breach can be severe. AEL Markhams can assist you every …

Predicting your future with financial forecasting

An all too common story Have you ever experienced that moment when you realise there isn’t enough cash to meet the wages bill at the end of the month? What about ensuring you have reserves set aside to settle large tax or VAT liabilities due to HMRC? Have you ever had that unexpected phone call from your bank manager to …

Making Tax Digital

How and when will it affect you? Individual taxpayers AEL Markhams has been submitting personal tax information securely online to HM Revenue and Customs (HMRC) for some years now, and every individual & business in the UK has a digital tax account. If you have chosen us to look after your personal and, or business’s tax affairs, then managing this …

Your Payroll Solution

Payroll is constantly changing… … and can become a potential headache. From Workplace Pension to Real Time Reporting. National Minimum Wage to the Working Time Regulations. All these and more have added to the already daunting gamut of knowledge required to process a compliant payroll. The penalties for falling short of any one of a number of legislative obligations can be …

Introducing Xero

Whatever your business, Xero has tools you’ll love Small business owners are always hunting for cost-effective business solutions. Which is why at AEL we help our clients utilise Xero, our recommended online accounting solution. Xero has all the time-saving features you need to grow your business, including: Pay Bills Fast bank reconciliation Tracking Create purchase orders Automation Go mobile Claim …

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Zooming In On: How To Keep EA And 3k In Your Business

2020’s new tax year is bringing with it a whole host of changes. Firstly, IR35 is looming on the horizon and now there are proposed changes to Employment Allowance (EA). This could see small businesses and employers lose up to £3,000… Here’s why, and our advice on how to keep that £3k firmly in your pocket. But, before we begin, …

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IR35

IR35 is a topic that’s been talked about, and on many of our minds right now, particularly with the revised legislation from April 2020 fast approaching. From this date, it will be an employer’s responsibility to determine an individual’s employment status. But what does this legislation mean, and how will it affect you? Here’s what we like to think is …

Making Tax Digital could miss the April 2019 rollout

Will the initials MTD now stand for Missing The Deadline? HMRC’s new Making Tax Digital (“MTD”) programme was scheduled to be rolled out to small businesses from April 2019. However, following a scorching report from the House of Lords committee on economic affairs, the rollout may now be delayed by another year. This will be good news for many small …

The Budget 2018

Chancellor Phillip Hammond presented his Autumn Budget on Monday 29th October. He skilfully avoided making the speech on the actual day of Halloween itself but was his famous Budget case full of horrors or a pre-election giveaway ? Marc Bennett of AEL Markhams, provides some insight on how the key budget measures may affect business owners. Click here to read …

Managing the Monster

YEAR END TAX REVIEW 2017-2018 The tax system behaves like a hydra monster, no sooner has one head been chopped off, two more grow in its place. From April 2018 the UK will have three versions of land transaction tax and three types of landfill tax (in Scotland, Wales and the rest of UK). There are also likely to be …