Blogs

Managing Finances as a Director of a Limited Company
Can Anyone be a Director? Generally, it is up to the members (shareholder owners) to

Tax Treatment Payments on Termination of Employment
In certain circumstances, a lump sum payment to an employee on the termination of their

Construction Industry Scheme (CIS) Issues
On 6th April 2007, a new Construction Industry Scheme was introduced. Many of the characteristics

New Capital Allowances Regime for 2024
There have been some major changes to capital allowances claims (i.e. asset depreciation rates permitted

Corporation Tax Deductibility of Year End Bonuses
The application of accounting standards is important in the determination of a company’s taxable profit.

Annual Staff Parties, Gifts and Non Taxable Benefits
As the holiday season approaches, many businesses prepare to celebrate with annual Christmas parties. While

Dis-incorporation – Removing a Business from a Limited Company
The process by which a business is transferred out of a limited company and carried

Minimising Tax on Company Cars
The cost of being provided with a company car has reached extremely high levels and

Tax Implications of Employees Working Abroad
If you are part of a globalised economy in this era, it is usual for

Main Tax Late Filing and Payment Penalties
This article summarises the main tax late filing and payment penalties. In addition, you should

The Basics of Inheritance Tax
Inheritance Tax (IHT) is becoming more of a concern to many people. Most estates (the

What is VAT Annual Accounting?
With the Annual Accounting Scheme, you complete one VAT return per year instead of each

A Guide on How to Write Business Plan?
A business plan helps you to do all the necessary research to take a business

Capital Gains Tax (CGT) An Ultimate Guide
Capital Gains Tax (CGT) applies when chargeable assets are disposed of and applies to individuals

CGT Private Residence Relief – Capital Gains Tax
The sale of an individual’s home is normally exempt from CGT, with neither a taxable