Posted 12:30pm
I have met many people over the years, anxious to get funding for various projects, but with very little clue of the general paperwork involved behind the scenes.
When we got the small funding last year that allowed us to pay salary for two months, HMHB found a terrific local accountant to ensure we registered with PAYE correctly, and the HMRC. We paid our tax and national insurance correctly.
Another financial matter centres around pensions. Regulations are now ion p-lace that all employers should have automatic enrolment, and there needs to be a declaration of compliance. I have just dealt with that myself. It's the small matters like this that many entrepeneurs miss out, but can lead to fines.
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