TAX ARTICLES

Inheritance
Inheritance Tax

Instalment option in paying inheritance tax

Inheritance tax is normally payable by the end of the sixth month following that is which the person died. So, for example, if someone died …

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Employee Redundancy
Employees

Statutory redundancy pay and furloughed employees

As the Coronavirus Job Retention Scheme draws to a close, employers may face the difficult decision to make some employees redundant. Legislation was introduced at …

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Business Closed due to Covid
Finance & Accounting>Closing a business

Helpful information on income and corporation tax relief when deciding to shut down a business

Terminal loss relief Sadly, not all businesses will survive the Covid-19 pandemic, and many may take, or be forced to take, the decision to close …

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Off Payroll
Finance & Accounting>Income Tax

Update on off-payroll working rules (IR35)

The off-payroll working rules, known as IR35, were introduced in 2000 to ensure that someone working like an employee, but through a limited company, pays …

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Winding Up a Business
Finance & Accounting>Closing a business

Winding up a business

The decision of how and when to cease a business is usually prompted by a combination of three main factors – market conditions, market forces, …

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Paying School Fees
Finance & Accounting>Employee Expenses

Paying for school fees

In the UK, paying for education affects many parents and their student offspring at some point. Thousands are already paying college and university fees, and …

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