News

The rules surrounding off-payroll working will change on 6th April 2020 affecting end-clients, recruitment agencies and contractors. IR35 was introduced in 2000 to tackle the avoidance of tax and NICs where individuals supplying their services to clients via their own company, often known as a ‘personal...

A cash flow forecast is a plan which sets out how much money a business expects to receive and how much it expects to spend over a certain period of time. It helps you understand how much cash you’re likely to need in the future...

The Bitterness of Poor Quality Remains Long After the Sweetness of a Low Price is Forgotten – Benjamin Franklin I love this quote. Cheap doesn’t always mean quality and whatever you’re looking to buy as a consumer or business owner, you’ll always find a cheaper alternative. However,...

The personal allowance remains at £12,500 during the 2020-2021 tax year, meaning your first £12,500 of income is tax free. The tax bands and tax rates for the 2020-2021 tax year are: 20% – income between £12,500 and £50,000 (basic tax rate bracket) 40% – income between £50,001 and £150,000...

It is certain that COVID-19 will have a huge impact on our daily and working lives over the coming weeks. Due to the rapid spread of the COVID-19 coronavirus, AO has contingency plans in place to support your business and maintain our levels of service. As...

The Government have provided further clarification and guidance for the Coronavirus Job Retention Scheme (CJRS) as of 4th April 2020. A few of the main points to note are: Employees you made redundant, or stopped working for you on or after 28 February 2020, can be re-employed, put...