What is a P11D and do I need to complete one?
What is a P11D? 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…
What business mileage can I claim?
We often get asked the question what business mileage our clients can claim back, and what tax they will have to pay on it if they do. Below we break down the differences between business mileage and private…
What are trivial benefits? Tax free benefits you can give your team
We are often asked what benefits a company owner can award themselves and staff, and what the tax implications of those benefits are. Most benefits will be taxable, and have to be included on a P11D form, with…
What is a P11D and do I need to complete one?
What is a P11D? The P11D form is a statutory form required to be filed with HMRC by businesses that detail benefits paid to their employees and the cash equivalents of those benefits. You will also need to…
National living and minimum wages to rise in April
Both the National Living wage and National Minimum wage are set to rise from April. The National Living wage and National Minimum wage is set to rise by 6.2%, four times the rate of inflation, in what the…
Business gifts for Christmas
Thinking of giving a business gift for Christmas? It’s not long until Christmas and you might be considering giving a Christmas gift or treat to your team or customers. But before you do, it’s worth considering the tax…
Is the Christmas party tax allowable?
It’s just under six weeks until Christmas Day and many of us will have already booked our work Christmas party to celebrate. But what are the costs to your business of the Christmas party and what is tax…
What business mileage can I claim?
We often get asked the question what business mileage our clients can claim back, and what tax they will have to pay on it if they do. Below we break down the differences between business mileage and private…
Cheap and free staff benefits you can offer
We often hear from businesses that they can’t attract or retain the top talent they want because they can’t afford to pay the big salaries or benefits, and don’t know what perks they can offer. The truth is though,…
Do I need to file a personal tax return for 2019?
The 2018/19 personal tax year ended on 5th April and we are now in the 2019/20 tax year. Every year we are asked the same thing – ‘Do I need to fill in a tax return?’. Here is…