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FREQUENTLY ASKED QUESTIONS

 

WHERE DO YOU PAY PAYE?

https://www.tax.service.gov.uk/pay-online/epaye

Following the link above, enter the amount needing to be paid, the month the payment is related to and your 13 digit accounts office reference.

WHEN DO I HAVE TO PAY MY SELF ASSESSMENT TAX ?

You must pay your self-assessment tax to HMRC no later than 31st January & 31st July for payments on account.

Please follow the link below for more guidance.

https://www.tax.service.gov.uk/pay/self-assessment/choose-a-way-to-pay  

HOW MUCH CAN I EARN BEFORE BEING AUTOMATICALLY ENROLLED INTO A WORKPLACE PENSION SCHEME?

Currently you can earn up to £192 a week or £833 a month before being automatically enrolled into a workplace pension scheme. You must also be aged between 22 - state pension age to be automatically enrolled.  There are many other options to take part in a workplace pension scheme, even if you are not auto enrolled, give us a call to find out more.

WHAT ARE THE MINIMUM WAGE REQUIREMENTS FOR 2021/2022?

23 and over: £8.91 per hour

21-22: £8.36 per hour

18-20 £6.56 per hour

16-17: £4.62 per hour

Apprentice rate: £4.30 per hour

Please note, if your employee is over 19 and into their second year of the apprenticeship, the individual must be on minimum wage for their age.

WHICH BUSINESS MODEL IS BEST FOR ME?

There are a number of different routes to consider when starting out in business, either a sole trader or partnership may suit your needs or a limited company may be required. This should be discussed in more detail so give us a call to arrange a free consultation.

HOW MUCH DO I NEED TO PAY MY EMPLOYEE FOR SSP AND SMP? CAN I CLAIM THESE BACK?

The current rate for SSP is £96.35 and the current rate for SMP, SPP and SAP is £151.97 per week. 

If you have an employee on maternity or adoption leave, you can claim this back once the amounts have been paid and this will also reduce how much PAYE you pay each month. You cannot claim back sick pay and the costs for this must be covered by the employer alone.

WHAT ARE YOUR FEES?

Because we have different services that we offer, we have different charges for each element so it depends on what you and your business requires. We offer free consultancies either at or office or over a video call meeting so if you require any prices from us, please feel free to get in touch to set up your consultation. 

Aws Accountancy works hard to meet all of your business needs. If you have any questions please contact us and  we’ll be happy to get back to you as soon as possible.

'Keep smiling, they do a very good job'- Gordon Clark