Blogs
NIC Advantages of Part-Time Workers
Employers looking to take on new staff may wish to consider employing two or more
Tax and Tips
The Employment (Allocation of Tips) Act 2023 sets out a new legal framework for the
A Different Method of Paying Tax
Tax payments for the self-employed or those who declare their income under self-assessment are payable
Class 2 National Insurance Voluntary Contributions Are No More
Class 2 NICs are flat-rate contributions payable by the self-employed, currently charged at a rate
Deferring Capital Gains Tax on A Business Asset
The potential to be charged capital gains tax (CGT) arises with the sale or gift
Enjoy £7,500 of Tax-Free Income Under the Rent-A-Room Scheme
If you have a spare room in your home, you may consider letting it out
Business Use of Home – Beware the Lower CGT Annual Exempt Amount
The main residence exemption applies for capital gains tax purposes to the extent that a
Tax Relief for Unpaid Rent
As the cost-of-living crisis bites, landlords may find that tenants struggle to pay their rent.
Preserving the Personal Allowance
The personal allowance is set at £12,570 for 2023/24. However, not everyone is able to
Giving Away Money Free of IHT
Most people do not want to give money to the taxman when they die. However,
Beware the New VAT Late Submission Penalties
A new penalty regime was introduced for VAT from 1 January 2023. The new regime
Have You Declared Your Dividends Correctly?
Dividends are a popular and tax-efficient way to extract profits from a personal or family
Utilise The Deduction For Paid and Reimbursed Expenses
Employees often need to incur expenses when undertaking their jobs. The nature of the expense
What are the Most Tax-Efficient Investments in the UK?
It is imperative to know what are the tax-efficient options to make the most from
Tax Consequences of Dissolving a Partnership
The difficulty in dealing with partnership taxation is that there are no separate rules and