Newsletters
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Will your employment allowance run out?
Although you have thus far avoided the employers’ NI hike thanks to the employment allowance, you could be hit with a cash-flow crisis if it’s exhausted before 5 April. What can you do about it?
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Multiple tax-free perks for directors
With Christmas in mind a fellow director has suggested your company uses the trivial benefits in kind exemption to provide £300 of tax and NI-free gifts to each director. You’ve heard about the exemption but can it be used in this way?
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Are IHT changes coming?
You’re seeing a lot of speculation in the press about further changes to inheritance tax (IHT) in the upcoming Budget, including a cap on the amount you can give to your loved ones. Would you be better off making gifts before the Budget date?
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Company motorbikes - a two-wheeled tax trap?
You’ve taken on a youngster as a general assistant for your business. The role includes making local deliveries for which your firm provides a motorbike. This could trigger unexpected tax and NI charges. What steps can you take to avoid them?
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Do you need to pay tax on loyalty points and cashback?
You’ve been making business purchases on your personal credit card and reaping the rewards in the form of airmiles and cashback. What, if anything, do you need to do to keep on the right side of HMRC?
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Can you claim input tax without a VAT invoice?
One of our clientss cannot provide a tax invoice to HMRC to support an input tax claim on the purchase of machinery three years ago. What alternative evidence should be acceptable to the officer?