The Chancellor has announced some reforms – “cutting taxes and rewarding hard work” Employees/Payroll The basic rate of employees national insurance, for earnings [...]

Associated Companies A company’s corporation tax thresholds and rates from 1st April 2023, as well as employment allowance, are affected by the number of [...]

National Insurance Record for State Pension During your working life you earn credits towards state benefits – specifically a State Pension. There are lots [...]

Work Related Expenses There are certain job expenses that are tax free for all employees. If you own your own company, then your company [...]

Charity donations Is it OK for my business to donate to charity? How do I get tax relief on my charity donations? What is Gift Aid Gift Aid rules Gift [...]

The chancellor presented his budget on 15th March 2023 but most announcements had been made in advance to the press.  Here are the highlights [...]

If you no longer need your company, then it is best to close it down completely.  This concludes with getting it removed from the [...]

What would happen to my Business if I am ill or die? Being in business on your own is often great – you have [...]

We have just passed the 31st January self-assessment personal tax return deadline – so what does it mean and how was it for you? [...]

Summary of the Chancellors Spring Statement March 2022 The Chancellor took the opportunity of the Spring statement to announce some tax changes, Duty As [...]

HMRC offer several schemes designed to give tax relief on childcare to most workers. See later in this post for further government assistance with [...]

Just as I said there were few new rules for Omicron the Government have made some new announcements. General rules Masks should now be [...]

Most of this budget was dedicated to spending, made possible due to increased growth,  including Funding for Lorry Park Facilities Foreign Aid funding to [...]

Now we are out and about again here are some notes on what may be claimed tax free, when travelling on business. A business [...]

When you want something done then you have three options DIY Cowboy Professional So which will you pick?   DIY takes dedication and time [...]

A little reminder of return deadlines and penalties at present. A new penalty regime is due to be phased in with MTD from next [...]

Employees are entitled to the minimum wage – in cash for expected hours worked Age Rate from 1 April 2021 23 and over £8.91 [...]

With an increase in possible destinations, and employees returning from furlough, or possibly having to self-isolate or quarantine on return from abroad, now may [...]

A pension is a sum you receive after you have retired, usually on a regular basis, which counts as your taxable income when you [...]