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Small businesses can record income and expenses when money is actually paid rather than when they've invoiced or received
‘Cash basis’ is a way to work out your income and expenses for your Self…
You can use cash basis if you: run a small self-employed business, for…
At the end of the tax year, work out your taxable profit from your cash…
You must keep records of all business income and expenses to work out your…
You can start to use cash basis if you’re VAT registered as long as your…
If you’re a sole trader or partner, cash basis is the default way to work…
What to do about tax and National Insurance if you pay an employee free of tax.
Tax and reporting rules for employers who meet or reimburse an employee's expenses - scale rate payments round sum allowances (RSA)
As an employer providing business or private expenses for your employees,…
In general, something only counts as a business expense if your employee…
Private expenses are anything that does not count as a business expense,…
If you provide your employees with a set amount of cash to pay for some…
If you provide a set amount of cash for employees regardless of how they…
The following guides contain more detailed information: criteria for…
Withholding tips from staff becomes unlawful as the Tipping Bill achieves Royal Assent, with more than 2 million workers to have their tips protected.
Find out how to operate PAYE if you pay your employees with assets that can be sold or cashed in, like stocks, shares or cryptoassets.
Get help with savings if you're on a low income (Help to Save) - how it works, what you'll get, eligibility, how it affects your benefits and how to apply online.
Tell HMRC about undeclared income, self-employment, capital gains, profits in a company and foreign income
Records and paperwork you must keep if you're self-employed as a sole trader or partner in a business: income, costs, profit, how long to keep records.
Find out about remuneration in non-cash form, for example, payments by intermediaries.
Claiming Universal Credit if you're self-employed - eligibility, reporting your earnings, start up periods
When you have to pay Income Tax, Capital Gains Tax, Stamp Duty or Inheritance Tax on money, shares or property you inherit
Check whether you need to report and pay any tax on income you make apart from your main job or earnings.
Tax and reporting rules for employers providing bonus payments to employees
Find out how to set up salary sacrifice arrangements and calculate tax and National Insurance contributions on them if you're an employer.
Find out how the VAT Cash Accounting Scheme works and the conditions you must meet if you want to use it.
When an ISA can be closed, and how to void or repair an ISA if you're an ISA manager.
When to operate PAYE if your employee gets incentive awards from you or someone else.
Find out if you’re a high value dealer and need to register with HMRC under the money laundering regulations.
What happens to money in your Court Funds Office account after your 18th birthday
Tax free saving for your first home and later life: what is a LISA, who can apply, 25% government bonus, withdrawal charges.
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