National Insurance credit scheme will be introduced to tackle child benefit gaps
1 Feb 2024
The Government plans to introduce new legislation to help parents who earn more money than others with their future pensions. In essence, if you did not claim child benefit because you earned over £50,000 when you had children, you will
Please leave a message – HMRC dispute resolution hotline restricted to answerphone
1 Feb 2024
HM Revenue & Customs (HMRC) has made a significant change to the way that some taxpayers access its alternative dispute resolution (ADR) scheme. Where applicants for ADR could previously speak with a call handler, they will now be asked to
Putting the brakes on excessive National Insurance payments through car allowances
1 Feb 2024
Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity
Tax basis – Getting ready for the end of the transitional year
1 Feb 2024
Are you a sole trader or a member of a partnership? Here is what you need to know about the upcoming tax basis period reforms. HM Revenue & Customs (HMRC) is introducing changes to how it assesses and collects business
Government to change tax law twice before election – How to prepare
1 Feb 2024
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.
Management accounts – Why SMEs should embrace regular reporting
30 Jan 2024
Consistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth.
New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs
25 Jan 2024
From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll software.
Debt management strategies for SME business owners
23 Jan 2024
Although it can have negative connotations, debt is inevitable for most businesses.
So, you want an electric company car? The tax perspective
19 Jan 2024
Environmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice for company cars as a result.
Payroll tax obligations – Have you got it covered?
16 Jan 2024
If you employ one or more people for paid work, it’s essential that you have a properly managed payroll.
