Borrowing from your company – Beware the tax traps!
Whilst it may be “your” company, it is a separate legal entity from you, and you cannot just “help yourself” […]
Tax
Charging electric cars at home
HMRC have recently clarified their view of the tax treatment for the reimbursement of electricity costs where employees charge their
Are you claiming VAT at the appropriate rate on expenses?
Many software packages have a “default VAT rate” which can be set for each expense code. This can speed up
Beware the “High Income Child Benefit Charge (HICBC)”
The above was introduced in 2013, as a “means test”. You may have to pay the High-Income Child Benefit Charge
Interest on savings
Some banks and financial institutions have recently increased rates to savers again. If the savings are held in an ISA
Paying your personal tax bills
Personal tax payments are generally made on 31 January and 31 July. Now is a good time to plan for
The Autumn Statement and the effect on small businesses
The government has announced a cut to the main rate of Class 1 employee NICs from 12% to 10% from
The Real Living Wage – increased
Employers who join the Real Living Wage scheme, set up by the Living Wage Foundation charity, make a commitment to
Trading on digital platforms? – HMRC is watching!
Under new rules, from 1 January 2024, information will be sent to the tax authorities by those platforms. The goods
Electric cars – buy new or used?
Buying an electric car through your company can produce significant upfront tax savings. An electric company car costing say £65,000