Goodwill is usually defined as the ‘extra’ value attributable to a business over and above its tangible assets.
In the vast majority of cases, when a business is sold a significant proportion of the sale price will be for this type of intangible
There are distinct rules that VAT registered businesses must follow regarding retention of VAT records.
a record of sales and purchases, and
a separate VAT account.
Generally, a business must keep VAT business records for at
Class 2 National Insurance Contributions (NICs) are currently paid by self-employed taxpayers and members of partnerships if their annual profits exceed £6,025. Class 2 NICs are payable at a flat weekly rate currently, £2.85. Class 2 NICs count
Automatic enrolment for workplace pensions was instigated to encourage employees to start making provision for their retirement with employers - the government also contributing to make a larger pension pot.
The timetable for employers to begin