What Christmas perks can your employer offer tax-free?
Dec 03, 2024
With Christmas just around the corner, it is time to embrace the festive season, but as a business, you will want to do so without falling foul of tax rules. Whether planning a party, treating your team to gifts, or both, ...
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How the latest HMRC advisory fuel rates impact your business travel costs
Nov 28, 2024
The HM Revenue & Customs (HMRC) advisory fuel rates, updated quarterly, play an important role in how businesses manage employee reimbursements for company car travel. With the new rates effective from 1 December 2024, business owners should take note of the ...
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What does HMRC’s new benefit in kind reporting mean for your payroll system?
Nov 26, 2024
HM Revenue & Customs (HMRC) is introducing real-time reporting for benefits in kind (BiKs) starting in April 2026, meaning businesses must prepare for changes in how they manage payroll. These updates aim to streamline tax reporting but bring new challenges and ...
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Succession or sale? The case for selling your business before the 2026 Inheritance Tax changes
Nov 21, 2024
The Autumn Budget brought clarity to many areas of tax planning, but for family-run businesses, one announcement could prove particularly challenging. From April 2026, businesses worth over £1 million will no longer benefit from the long-standing exemption on Inheritance Tax (IHT) ...
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How to stay ahead of HMRC interest rate changes and avoid late payments
Nov 18, 2024
The Bank of England’s decision to reduce the base rate to 4.75 per cent has triggered changes to HM Revenue & Customs’ (HMRC’s) interest rates, with late payment and repayment rates due to adjust on 18 and 26 November 2024. For ...
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A landlord’s guide to HMRC’s Let Property Campaign
Nov 14, 2024
The Let Property Campaign is an initiative designed by HM Revenue & Customs (HMRC) designed for landlords who may have undeclared income from letting out residential property, whether in the UK or abroad. This campaign offers a chance to disclose unpaid ...
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Simple ways to invest in your team this Career Development Month
Nov 11, 2024
This month is Career Development Month, a perfect opportunity to focus on upskilling your team. The good news? Building your team’s skills does not need a big budget. Many of the best ways to support career growth are affordable, effective, and ...
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Double cab pickups to be taxed as company cars as Government confirms U-turn
Nov 07, 2024
In a detail that may have been missed underneath the headlines, the recent Budget introduced a change for businesses that use double cab pickups as part of their fleet. From April 2025, double cab pickups with a payload of one tonne ...
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What the Autumn Budget 2024 means for SME owners
Nov 05, 2024
From higher employer National Insurance (NI) contributions to increases in Capital Gains Tax (CGT) rates, the changes announced in last week’s Budget have obvious implications for owners of small and medium-sized enterprises (SMEs). These changes call for a careful financial strategy ...
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Autumn Budget 2024
Oct 30, 2024
A new Government, a new Chancellor and a new approach to the UK’s fiscal policies. Rachel Reeves entered her first Budget with a strong message that her measures would lead to “an economy that is growing, creating wealth and opportunity for ...
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