Can you charge your customers interest on late payments?
The simple answer is yes, you can charge them interest. From time to time a customer may pay you late, and you may be fine with that. But when the problem becomes persistent, it can effect your cash…
Can my limited company contribute to my private pension?
If you are director/shareholder of your own limited company, then yes, the company can make contributions to your private pension scheme, and this will be an allowable expense to deduct from profits before the calculation of corporation tax.…
Our top ten tips for staying cool at work
The sun is shining, the beer gardens are full and public transport is even more unbearable than usual. British summertime is on its way! Here are our top ten tips on how to stay cool in the work…
What is a P11D and who needs to have one?
The P11D form is a statutory form required to be filed with HMRC by those businesses that provide benefits to their employees that do not go through the PAYE system. You will also need to file a P11D(b)…
MTD for Income tax begins April 2026
The new Making Tax Digital (MTD) rules for Income Tax have now come into effect. If you are self employed or a landlord with turnover of over £50,000 you will need to comply with the new rules and…
Workplace sickness could become a crisis – but it is avoidable
A new report, headed by Sir Charlie Mayfield, the former boss of John Lewis, states that poor health in the workplace is costing UK employers around £85 billion a year, and that employees unable to work due to…
What is an “office frog” and how can you address the issue?
“Office frog” is a relatively new term used to describe employees who often hop between jobs – just as a frog leaps between pads in a pond. The term is usually associated with people in Gen Z –…
Business gifts for Christmas
Are you thinking of giving a business gift for Christmas? If so, make sure you know the tax implications before it ends up costing you more than you originally thought. Christmas is not that far away and you…
Budget 2025
Last week saw the second Budget by the Labour Government, much of which did not come as a big surprise. Not all the announcements made will apply directly to you, so below we have broken down the main…
Is the Christmas party tax allowable?
It may be several weeks away, but many of us will have already booked our work Christmas parties and functions to celebrate. But what are the costs to your business of the Christmas party and what is tax…