Planning for the future
Whatever your plans are in the future, you will need an income. How far will just the state pension of £221.20 per week take you? And do you (or can you) wait until age 66 for this to be paid? Many business owners consider their business to be their pension fund. However, not all businesses […]
Has your Christmas party exceeded HMRC rules? Check now!!
With the annual Christmas party behind us, now is the time to count the costs to ensure there is no breach of the HMRC rules. What you need to report and pay depends on: if it’s an annual event if it’s open to all of your employees if it costs more than £150 per head […]
New reporting requirements for online platforms
Coffee bean prices at record high
Why Budgets are important in your business
A budget is crucial for any business as it serves as a financial blueprint, guiding decision-making and resource allocation. It allows businesses to forecast revenues and expenses, ensuring that they can meet their financial obligations and avoid overspending. A well-structured budget provides insights into cash flow, helping business owners identify potential shortfalls and take corrective […]
New Fair Payments Code launched
Personal tax liabilities – due 31 January 2025
If you have any personal tax liabilities due, these will be payable on 31 January. This will not only be a payment of any balance of tax due for the 2023/24 tax year, but also a “payment on account” for the 2024/25 tax year. A simple example: Fred has a tax liability of £25,000 for […]
Be wary of Self Assessment scams
Property – Annual Tax on Enveloped Dwellings
ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000. You’ll need to complete an ATED if your property: is a dwelling -a property used as a residence for example a house or flat. is in the UK was valued at more than: £2 million (for […]
Get Britain Working White Paper
