NIC advantages of part-time workers
Employers looking to take on new staff may wish to consider employing two or more part-time workers rather than one full-time worker. This can save
Employers looking to take on new staff may wish to consider employing two or more part-time workers rather than one full-time worker. This can save
The VAT registration threshold rose from £85,000 to £90,000 from 1 April 2024. The deregistration threshold increased from £83,000 to £88,000 from the same date.
HM Revenue and Customs (HMRC) self-assessment login is an essential tool for individuals and businesses in the United Kingdom to manage their tax affairs efficiently.
A taxable company car benefit arises where an employee has the private use of a company car. Unless the car is an electric car, a
If you are registered for VAT, you will need to keep normal business records. The records must be complete, up to date and sufficient to
If you run your business as a personal or family company, you will need to extract your profits in order to use them personally outside
In the dynamic business landscape of Hounslow, Pro-taxman stands out as a beacon of excellence in accounting and tax advisory services. Specializing in helping small
VAT can be confusing at the best of times, with the reverse charge being arguably one of the more complex applications. It does not help
A sole trader or proprietor of an unincorporated business may incur training costs. The tax treatment of those costs depends on whether the costs are
The High-Income Child Benefit Charge (HICBC) is a tax charge that operates to claw back child benefit where the claimant and/or their partner have adjusted
Rising interest rates mean that individuals may now be paying tax on their savings income which previously they received it tax free. Where this is
The 2024/25 tax year starts on 6 April 2024. Although many of the rates and thresholds are the same as for 2023/24, there are some
As widely predicted, in his 2024 Spring Budget, the Chancellor announced a 2% cut in the main rates of Class 1 and Class 4 NIC.
Business rates, rather than council tax, are payable on non-domestic properties. The rates are worked out by applying the relevant multiplier to the property’s rateable
As announced at the time of the Spring Budget, multiple dwellings relief for stamp duty land tax (SDLT) is to be abolished from 1 June
For capital gains tax purposes, residential property gains have their own, harsher, rules. Not only is taxed charged at a higher rate, but taxpayers also
The current capital gains tax rules do not provide any relief for inflationary gains. This can mean that when an investment property or second home
Rising interest rates have forced many landlords to sell up. When selling an investment property, capital gains tax is payable at the residential rates to
Most private companies start as sole owner-managers; roll on a few years and some will have grown such that family members may also work for
As the cost-of-living crisis continues to bite, the idea of earning tax-free income is appealing. If you have a spare room, you can make this
Whether a claim for the cost of work clothes is tax deductible is covered by the general rule for deduction of any expenses incurred by
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