http://www.submityourarticle.com/articles/Terry-Cartwright-2388 The latest quality free reprint articles from Terry Cartwright at SubmitYOURArticle.com Thu, 20 Nov 2008 20:42:34 +0000 PAYE set up when engaging new employees, checking the employee tax P45 form, and when to get an application for a missing national insurance number or issue a national insurance temporary number http://www.submityourarticle.com/articles/Terry-Cartwright-2388/Paye-43671.php Tue, 21 Oct 2008 12:50:02 +0000 A new start up business as a new sole trader is the most common business set up, using sole traders knowledge of how to start up business is useful to building a successful business. Every budding entrepreneur should be aware of the need to adequately prepare for the business venture. Administration and accounting is usually straightforward, you are your own boss and all the profits belong to the sole trader. http://www.submityourarticle.com/articles/Terry-Cartwright-2388/sole-trader-42878.php Fri, 10 Oct 2008 03:20:02 +0000 Information for sole traders starting your own new sole trader business set up including how to start up business, basic accounts and easy accounting http://www.submityourarticle.com/articles/Terry-Cartwright-2388/sole-trader-42877.php Fri, 10 Oct 2008 03:10:02 +0000 When considering the advantages of a private limited company registration against retaining self employed status the decision taken by a sole trader is often entirely focused upon the tax advantages. There are other private limited company advantages and also disadvantages particularly in regard to limited company accounts and administration compared to producing a simple set of sole trader basic accounts. http://www.submityourarticle.com/articles/Terry-Cartwright-2388/private-limited-company-41975.php Mon, 29 Sep 2008 02:10:02 +0000 UK tax codes are determined by HMRC, notified to employees and used by employers to calculate tax to be deducted from employee income. Inland Revenue tax codes explained as being made up of numbers or letters and usually both. When multiplied by 10 the number indicates the amount of tax free personal allowance the person is entitled to and the letter indicates the conditions which might be applicable to the UK tax code. http://www.submityourarticle.com/articles/Terry-Cartwright-2388/tax-code-41733.php Thu, 25 Sep 2008 05:30:01 +0000 A sole trader in the UK can operate a very basic accounting system. Provided supporting evidence is retained to show the basic accounts are realistic and the income and expenditure statement accurate for basic tax purposes sophisticated accountancy, debits and credits are not required. Basic accounts for sole traders do not require the production of a balance sheet. http://www.submityourarticle.com/articles/Terry-Cartwright-2388/sole-trader-41525.php Mon, 22 Sep 2008 13:30:02 +0000 The answer to how much is tax on income and the income tax percentage paid is dependent upon the status of the individual being employed, self employed or incorporated as a limited company. Employees pay income tax and national insurance under the paye system while self employed individuals submit self employed income returns and although they receive the same UK allowances they pay different national insurance. http://www.submityourarticle.com/articles/Terry-Cartwright-2388/how-much-is-tax-41502.php Sun, 21 Sep 2008 17:10:02 +0000 A new employee without a P45 should be asked to complete a P46 form which the employer submits to HMRC. Inland Revenue P46 forms can be downloaded from the HMRC website and also submitted online. Completing the P46 solves a number of tax questions a new employer may have regarding the new employee status and is essential to ensure the PAYE records start off on a correct basis http://www.submityourarticle.com/articles/Terry-Cartwright-2388/p46-40540.php Mon, 08 Sep 2008 06:20:02 +0000 Employers in the UK issue an employee that leaves with a P45 tax form stating details of that employment including the cumulative earnings and income tax paid to date. Not everything always go to plan resulting in a number of tax questions regarding the P45 form especially when a new employer may not have received the P45 form. http://www.submityourarticle.com/articles/Terry-Cartwright-2388/p45-40539.php Sun, 07 Sep 2008 08:00:03 +0000 When a business completes the vat registration there are rules which enable vat registered companies to claim vat paid on goods for up to 3 years and on some services for up to 6 months incurred prior to registration. http://www.submityourarticle.com/articles/Terry-Cartwright-2388/vat-40260.php Wed, 03 Sep 2008 10:50:02 +0000