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Not so trivial benefits


According to HMRC you don’t have to pay tax or NIC on a benefit provided to an employee if: it costs you £50 or less to provide (or the av... Read More >>
Are you lending money to your company


There is a whole raft of legislation that seeks to penalise directors and shareholders if they borrow money from their company. These regulations incl... Read More >>
Bookkeeping in the cloud


Smaller business owners, those with annual turnover below the current VAT registration threshold (£85,000 for 2017-18), will be relieved to know that... Read More >>
Avoid property fraud


Since September 2009, HM Land Registry has prevented 254 fraudulent applications being registered. The most common fraud is when someone pretends to b... Read More >>
Under 18s and tax


Children (under 18s) can earn up to £11,500 in the current tax year and pay no income tax. This is the maximum that can be earned during 2017-18 and ... Read More >>
Tax Diary October/November 2017


1 October 2017 – Due date for Corporation Tax due for the year ended 31 December 2016. 19 October 2017 – PAYE and NIC deductions due for m... Read More >>
Pay your VAT monthly


If you find it difficult to manage quarterly payments to HMRC to settle your VAT, why not consider the VAT Annual Accounting Scheme (AAS). With the AA... Read More >>
Self-employed tax payments


Self-employed persons and other individuals who submit a self-assessment (SA) tax return should bear in mind that there are only three months until th... Read More >>
What are tax-free transfers for Inheritance Tax purposes


There are many reliefs for IHT purposes. They include: Business Property Relief – 100% relief for business assets including an interest in a busines... Read More >>
Tax legislation


Readers may be forgiven for finding the recent rash of announcements by HMRC, regarding possible changes to tax legislation, rather confusing. On 8th ... Read More >>

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