Employee expenses and benefits: How to submit a P11D form
25 Apr 2023
Do not be stung when rewarding employees. Avoid penalties on employee benefits by correctly submitting P11D forms.
SMEs to benefit from Chancellor’s change to the Research & Development tax credits schemes
24 Apr 2023
Chancellor Jeremy Hunt announced a partial reversal to the SME Research & Development (R&D) tax credit cuts in the recent Spring Budget after facing months of pressure. Startups had warned that the cuts, first announced last November in the Autumn Statement, would
Chancellor abolishes Lifetime Allowance pensions shake-up
24 Apr 2023
The abolition of the pensions Lifetime Allowance, (LTA) which was announced in the Spring Budget, releases people to save as much as they like into their schemes. Chancellor Jeremy Hunt abolished the allowance, which is the limit on how much people
How does Full Expensing work?
24 Apr 2023
Chancellor Jeremy Hunt has announced a partial replacement for the Super Deduction that allows companies to write off 100 per cent of the cost of investment in one go. The Full Expensing scheme was announced in the March Budget. Businesses
Crypto transactions to become part of Self-Assessment under new regulations
24 Apr 2023
The Government has announced there will be greater scrutiny on the reporting of all crypto transactions, including for cryptocurrencies and non-fungible tokens (NFTs). HM Revenue & Customs (HMRC) will now require cryptoasset reporting in Self-Assessment tax returns by requiring separate
How do changes in Corporation Tax affect my business?
24 Apr 2023
Changes to the amount of Corporation Tax (CT) businesses pay came into effect on 1 April. From that date, the main rate of CT rose from 19 per cent to 25 per cent for the most profitable companies. Companies whose
Be prepared for business rate changes as rateable value update takes effect
24 Apr 2023
The Valuation Office Agency (VOA) has updated the rateable values of all businesses, and other non-domestic, properties in England and Wales from 1 April 2023. The Government levies the charge on offices, shops, pubs, and warehouses. In fact, most non-domestic
Government announces shakeup in the payment of Benefits in Kind
24 Apr 2023
The Government has announced a shake-up in how Benefits in Kind (BIK) are paid. The move will allow tax agents to run payroll BIK on behalf of clients for the first time. The Government says it will help to reduce
Understanding IR35 and its implications for employers
20 Apr 2023
If your business engages off-payroll workers, it’s essential to be familiar with IR35 and its potential impact on your operations.
The importance of financial reports as a business owner
18 Apr 2023
As a small business owner, you will be in charge of many things and must juggle many responsibilities.
