A new ‘failure to prevent fraud’ offence is being introduced by the Government to encourage businesses to do more to deter offending, which will ultimately… Read More »Businesses must get to grips with a Government crackdown on fraud committed by employees
As a business owner, determining the ideal salary for company directors can be tricky. Often, most directors will want to balance their salary and dividend… Read More »Striking the perfect balance: Director’s salary and dividends for 2023/24
The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals claiming child benefits who were… Read More »683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen
Residential landlords are the latest group to have been targeted in receiving ‘nudge’ letters from HM Revenue & Customs (HMRC). The letters are part of… Read More »Landlords are latest group targeted by HMRC ‘nudge’ letters
The Residence Nil Band Rate (RNRB) was introduced by the Government in 2017 and benefits families passing on their main property to a direct descendent.… Read More »What is the Residence Nil-Band Rate? And why does it matter to you?
Changes to personal tax allowances and higher interest rates have seen a growing number of people being affected by fiscal drag. Fiscal drag is the… Read More »Fiscal drag bites on earners
The way in which Student Loans are repaid is changing and employers need to be prepared. Currently, graduates and students who have taken out student… Read More »Changes to the repayment of Student Loans begin in August
Benefits in Kind (BIK) cover a number of different perks or additional payments made by employers to their employees. They can include any of the… Read More »P11D – Are you ready to report and pay tax on Benefits in Kind?
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… Read More »Government announces shakeup in the payment of Benefits in Kind
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.… Read More »Be prepared for business rate changes as rateable value update takes effect
