by James Hellyer | 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...
by James Hellyer | 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...
by James Hellyer | Feb 20, 2024 | Capital allowances, Corporation Tax, Income Tax
In a previous blog post we outlined the importance of reviewing your income before the end of the current tax year. The message was a simple one, any meaningful planning has to be implemented – for 2023-24 – before 6 April 2024, the end of the tax year. A...
by James Hellyer | Jan 29, 2024 | Corporation Tax, Limited companies
Looks like Companies House is morphing from passive registrar into a monitoring agency for the government. Changes that are likely to impact the business community from as early as March 2024 are listed below, extracted from a Companies House blog post, dated 22...
by James Hellyer | Jan 2, 2024 | Corporation Tax, Income Tax
HM Revenue & Customs (HMRC have one clear objective, to recover past government expenditure and then recycle the cash collected to repay government borrowing and release funds for future expenditure. To do this, HMRC are obliged to assess taxes by adopting the...
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