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Legislation surrounding 'Trivial Benefits' was introduced to save employers from
Employees: tax-free benefits to keep them healthy
There are, however, several areas where employers can use tax breaks and exemptions to help promote health and fitness at work.
Letting a property as a furnished holiday let – is it worthwhile?
Where a property is located in a holiday region, a consideration will be whether to let it as a furnished holiday let or on a longer-term basis.
Using allowances are an easy way to save tax
The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free.
Director’s loan accounts
HMRC commonly find errors in relation to directors’ loan accounts when making routine reviews of company tax returns.
Is tax payable on tips?
Broadly, their treatment will depend on how they are paid to the recipient.
How to maximise your business expenses
When calculating your profits, expenses are deductible to the extent that they are incurred wholly and exclusively for the purposes of the business.
Spring 2022 statement highlightsAs part of Spring Statement 2022, Rishi Sunak (the chancellor) set out the government’s Tax Plan outlined briefly...
How HMRC deals with tax debts
During the covid pandemic HMRC suspended many of their debt collecting activities.
Completing a VAT invoice - what entries are required?
When a customer purchases an item or service from a business an invoice confirming the amount to pay should be raised either at the time of ordering or after delivery. If the seller is VAT registered a specific type of invoice is required to charge VAT on sales or reclaim the VAT charged for goods and services.