Remuneration in 2024/25
When considering the tricky matter of remuneration planning, there are two things to consider; the amount of remuneration, and what form it takes. How
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News
Alternative Ways of Paying Staff Tax-Efficiently
Despite the reduction in National Insurance contributions (NICs) in Spring Budget 2024, more employees are paying tax at higher rates on their earnings due to
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Childcare Benefit and the Tax Charge
The UK government supports households with children by paying a childcare amount to the parents or guardians. The Benefit This amount is paid after
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Putting Benefits-In-Kind Through the Payroll From 2026 – Simples!
When HMRC talks of payrolling benefits and expenses (‘payrolling’), it refers to putting the taxable value through the payroll when the employee is paid, thereby
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On the Increase: VAT Registration and Deregistration Thresholds
In the Chancellor’s recent budget, he announced an increase in the VAT registration threshold on 1 April 2024 from £85,000 per annum to £90,000 per
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Don’t Forget the ‘Easy’ Rules!
A company purchase of its own shares from a shareholder is a popular ‘exit’ strategy when an individual shareholder is retiring, or a dissenting shareholder
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The Same But Different! Changing Partnerships
The concept of the limited liability partnership (LLP) was introduced a little more than 20 years ago, and is governed by the Limited Liability Partnerships
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Capital Allowances: What’s New?
Accounts depreciation is not allowed within tax calculations; it’s too subjective, so instead of that capital allowances generally apply for tax purposes. These allowances have
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Helping Employees Through the Cost Of Living Crisis
Given this challenging economic environment, many employers are looking to see how they can help employees financially. Pay increases may not be an option, bearing
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CIS: More Compliance Needed!
Under the construction industry scheme (CIS), contractors and deemed contractors must withhold deductions from payments made to subcontractors who do not hold gross payment status
CIS: More Compliance Needed! Read More »