If you are thinking of giving your employees a Christmas gift, a bonus or taking them out to lunch be aware of what you can do without it becoming a taxable benefit for your employee or a more costly gesture for yourself
HMRC have set out several benefits for completing and submitting your annual tax return well before the deadline of 31 January. Here are some of the benefits
We had a discussion in the office today about the new rates for corporation tax which take effect from April 2023. For many of our clients who have limited companies we produce monthly management reports which show a monthly provision for Corporatio…
Sole traders and partnerships who do not currently have a 31st March year end will see a change in their reporting period to meet HMRC new rules for reporting profits based on the tax year and not their accounting year.
If you reimburse your employees mobile phone expenses you could be providing them with a taxable benefit which could be subject to tax and NI.
