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What exactly is insolvency?


The dictionary definition of insolvency is less than illuminating, it is: The state of being insolvent… Listed synonyms provide more detail: bankrup... Read More >>
Complaining to HMRC


Although many of the tax office processes are automated, dealt with by computerised systems, the rest is managed by human beings each subject to the s... Read More >>
The real tax cost of benefits in kind


There is a sting in the tail for companies that provide their directors or employees with taxable benefits as part of their remuneration package. Obvi... Read More >>
E-bike cycle to work scheme announced


Readers who have been tempted to cycle to work but are challenged by fitness issues or really can’t afford the bike they would like, might be intere... Read More >>
Did you know income rates can be as high as 60 percent?


Most of us know that income tax is charged at three main rates: 20%, 40% and 45%. Unfortunately, there are certain levels of income that trigger a los... Read More >>
Tax Diary June/July 2019


1 June 2019 – Due date for Corporation Tax due for the year ended 31 August 2018. 19 June 2019 – PAYE and NIC deductions due for month end... Read More >>
Employing students in the summer break


If you employ students to manage your staff needs over the summer break period, you will need to add them to your payroll and apply PAYE and NIC rules... Read More >>
Tax free perk before annual leave


It is possible to make small tax-free payments to employees, including directors, and this might be an appropriate time to make a small tax-free bonus... Read More >>
Holiday entitlements


As we are approaching the annual holiday season it would seem to be a suitable time to set out employees’ rights to receive holiday pay. Almost all ... Read More >>
Do you own a holiday let property?


There are a number of tax incentives that you can take advantage of if you own and let a Furnished Holiday Lets property (FHL). They include: you can ... Read More >>

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