Pre-pandemic, giving discounts to employees was invariably only offered by the larger companies. However, because employee benefit schemes save the employer money, many SMEs are
Many businesses view entertaining clients and customers to be an important part of their marketing budgets, whether as a networking opportunity, a thank you for
The pandemic changed the way in which many people worked, forcing them to work from home if they could. Post-pandemic, many employees have continued to
If you incur expenses in doing your job, you may be able to claim tax relief. While the rules governing the availability of relief are
Trivial benefits have their own tax exemption, which if used wisely can be used to treat employees. The exemption can also be used by personal
A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends. Why pay a salary? There are a
If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However, while they remain tax efficient,
Where a property is purchased in England or Northern Ireland and the consideration exceeds the relevant threshold, stamp duty land tax will be payable. However,
Furnished holiday lettings are generally liable to business rates rather than council tax. This can be very beneficial, particularly where the landlord only has one
Under English law, there are two ways in which property can be owned jointly – as joint tenants or as tenants in common. The way
As far as National Insurance was concerned, the 2022/23 tax year was a tricky one featuring in-year changes to the primary threshold and in-year changes
Changes to the corporation tax regime come into effect from 1 April 2023 – the start of the financial year (FY) 2023. From that date
Where a business is operated through a limited company, profits need to be extracted if they are to be used personally. Where the personal allowance
The Employment Allowance is an allowance that eligible employers can claim to set against their secondary (employer’s) Class 1 National Insurance liability. The employment allowance
If you have paid too much tax, you will be able to get a refund from HMRC. The mechanics for obtaining your refund depending on
Taking on a renovation project can be hugely appealing, particularly if the property is subsequently sold at a profit. However, from a tax perspective, it
The Annual Tax on Enveloped Dwellings (ATED) is an annual tax payable on residential property valued at more than £500,000 which is held by a
If you let a furnished property, it is very likely that you will need to replace domestic items from time to time. A specific relief
In March last year, the government published a White Paper setting out its final position on reforming Companies House ahead of introducing legislation. The big
Tax repayment claims are usually made via the submission of a tax return. The time limit for amending a return (whether individual or company) is
