The annual staff Christmas Party – watch for any tax implications
As a business owner, it is only natural to consider things from a financial perspective. One example is planning your […]
The 2024 Budget and changes to National Insurance
The ramifications of the Chancellor’s Budget announcements regarding Employer’s NI changes are now clear. These come into effect from April
No VAT payable if paying by cash!
How often have you heard this? How often have you seen someone actually put this on their invoices!!! You may
Capital Gains and losses?
The current annual capital gains exempt amount is £3,000. However, we may see this alter in the October budget. Be
The 60% tax trap
Apparently, over half a million taxpayers paid a marginal tax rate of 60% in 2022/23! This 60% tax rate does
How much repetitive manual input is there into your accounting records?
Getting information into the accounting records can be done in a variety of ways. Things have moved on over the
Cash basis or accruals basis?
From April 2024, cash basis accounting, where income or costs are recorded at the date the money is either received
HMRC Anti-avoidance campaigns
HMRC is keen to close the “tax gap”, and one of their “tactics” is direct letters to individuals they suspect
Are you paying at least the National Minimum Wage (NMW)?
HMRC is cracking down on small and medium-sized businesses in certain regions of the UK for potential non-compliance with the
Do parents pay tax on their children’s savings?
If you’re a parent and want to put some money into your child’s savings account, there are some strict rules