Tax evasion or tax avoidance?
What’s the difference between tax evasion and tax avoidance? Celebrities and sports stars alike have been in the news in recent years, hitting the headlines for their tax avoidance. But they haven’t done anything illegal. We will leave…
Who should be in your work place pension?
Since they were introduced in 2012 more than 20 million people have been automatically enrolled into workplace pensions. Every business that employs staff who meet the criteria should be automatically enrolling workers into a pension scheme, deducting contributions…
What interest can you charge customers on late payments?
From time a customer may pay you late, and you may be ok with that. But when the problem becomes persistent, it can effect your own cash flow and the ability to run your own business. However, you…
What are the different VAT rates and what do they mean?
We are often asked ‘what all the different VAT rates are and what they mean?’ Zero-rated is the same as Exempt, right? Wrong. Read our guide below to make sure you understand the difference between all the rates…
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…
The tax gap increases by £3.8 billion for 21/22
HMRC has estimated that the tax gap across all taxes has increased to £35.6bn. The tax gap is the is the difference between the amount of tax paid to HMRC and the total amount of tax that should…
Top Ten Tips for staying cool at work
The sun is shining (sometimes), the beer gardens are full and public transport is even more unbearable than usual. British summertime is finally here! Here are our top ten tips on how to stay cool in the work…
Businesses told to cut down on alcohol at functions
The Chartered Management Institute (CMI) has warned firms to cut down on the amount of alcohol present at work functions as it releases a new poll. The poll says that nearly a third of the managers asked have…
What does my tax code mean? 2023/24 Edition
What exactly do all the numbers and letters in my tax code mean? And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold about you and…
Information to keep for your personal tax return
The 2022/23 tax year ended on 5th April 2023, for which many of us will need to produce and file a personal tax return . To make things easier, here is our list of the information you need…