Check out the Trivial Benefits rules

by | May 13, 2024 | Corporation Tax, Income Tax

Trivial benefits are small gifts or perks given to employees that are exempt from tax and benefit reporting obligations. But bosses must adhere to certain conditions, such as a cost limit of £50 per employee – or the average cost per employee if provided to a group of...

Death and taxes

by | May 13, 2024 | Corporation Tax, Dividends, Income Tax, VAT

Death and taxes are certainties of life, according to Benjamin Franklin, and if you are in business, you should be aware which taxes you are liable to pay. Our mantra is – by understanding the taxes that your business is required to pay – you can plan and...

What to expect in the year ahead

by | May 7, 2024 | Changes in legislation

It will not have escaped your attention that Prime Minister Sunak will need to call a general election at sometime during 2024. The very latest election date that can be held is 28 January 2025. If results follow the polls, we are likely to see the Labour Party in...