Finance & Accounting
Hybrid workers and relief for travel expenses
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
April 27, 2023
Finance & Accounting
Trivial benefits – Make use of the exemption
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
April 24, 2023
Finance & Accounting
How to claim a tax refund
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
March 20, 2023
Finance & Accounting
Do you need to pay the Annual Tax on Enveloped Dwellings by 30 April 2023?
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
March 15, 2023
Finance & Accounting
Overpayment relief claim – How long do you have?
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
March 9, 2023
Finance & Accounting
Using dividend waivers as a Tax planning tool
If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are
January 24, 2023
Finance & Accounting
Business property relief – be aware of the pitfalls
Business property relief (BPR) is one of the more valuable tax reliefs available to business owners because it reduces the value of an estate for
January 23, 2023
Finance & Accounting
Are electric cars still a tax-efficient benefit?
As well as a mechanism for collecting revenue, the tax system is also used to encourage certain behaviours and discourage others. Once example where this
January 20, 2023
Finance & Accounting
Should I pay Class 2 NIC voluntarily?
Entitlement to the state pension and certain contributory benefits depends on an individual having paid, or been credited with, sufficient National Insurance contributions. To qualify
January 17, 2023
Finance & Accounting
Can you benefit from the trading allowance?
The trading allowance enables an individual to earn up to £1,000 from self-employment, the provision of casual services (such as gardening or babysitting) or from
January 16, 2023
Finance & Accounting
VAT penalties – New rules
The VAT default surcharge is being replaced with a new VAT penalty and interest regime. The new rules apply to VAT accounting periods beginning on
January 13, 2023
Finance & Accounting
Does Limited liability work? When a director can be sued by HMRC for an unpaid tax claim
It can be a risky business being a director of a UK company these days. It is a common myth that the limited liability status
December 26, 2022
Finance & Accounting
Completing the property pages of the self-assessment tax return
If you receive rental income from properties that you let out, you will need to tell HMRC about it on the property pages of your
December 14, 2022
Finance & Accounting
National Insurance and the self-employed
During her leadership campaign, Prime Minister, Liz Truss, promised to reverse the National Insurance increases that took effect from 6 April 2022 pending the increase
November 23, 2022
Finance and Accounting
VAT bad debt relief
If you are a VAT-registered business you must charge VAT when you make taxable supplies. You must also pay over the difference between VAT you
November 21, 2022
Finance & Accounting
Mileage allowance payments – the maximum tax-free amount
To save work, employers can pay employees a mileage allowance if they use their own car for business journeys. The Government have recently cleared up
November 17, 2022
Finance & Accounting
Reclaiming VAT on a car – notoriously difficult to claim.
The VAT tax rules are clear – input tax cannot be claimed on the purchase of a new or used car that is made available
November 4, 2022
Finance & Accounting
NIC implications of being both self-employed and employed
With the cost-of-living crisis upon us more people are considering self-employment as well as employment to bring in extra money. This can lead to overpayments
November 3, 2022
Finance & Accounting
Dividend ‘traps’ to avoid
Where the plan is to pay a dividend the director/shareholder must ensure that set procedures are in place. This article describes some traps for the
November 2, 2022
Finance & Accounting
Cycle to work tax-free
As the cost-of-living crisis deepens, many employees are looking to save money. One option is to cut the cost of the commute by cycling to
October 28, 2022