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Taking cash from your business – Directors vs Sole Traders

Every business owner needs to take cash out of the business at some point. But if you’ve just moved from being a sole trader to a limited company, you may get caught out by the different rules around withdrawing cash from the company. Why are the rules different for directors and sole traders? When you’re a sole trader,...

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Statutory Parental Pay for 2020/2021

Accountants247 Accountancy Bookkeeping Service

Not sure how much maternity pay your employees are entitled to? You can use the maternity and paternity calculator for employers at https://www.gov.uk/maternity-paternity-calculator to calculate your employee’s Statutory Maternity Pay (SMP), paternity or adoption pay. The new rates for statutory payments from 6 April 2021 to 5 April 2022 are: - SMP – weekly rate for the first 6 weeks90%...

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Accountants247 Glasgow South

Accountancy made simple

Accountancy247 Glasgow South provide personal & professional cost-effective, high value solutions to meet every clients needs regardless of the size of their business.

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