What is a P11D and do you need to file 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…
Does your business need a music licence?
Many people do not realise that even though they are not in the music or performance industries they still require a music licence for their business. The Performing Rights Society (PRS) ensures that writers, performers and producers of music…
What mileage can you claim through your business?
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…
People in early 20s more likely to be out of work due to ill health than early 40s
In a massive reversal of trends of the past, people in their early 20s are more likely to be out of work than those in their early 40s due to ill health according to the Resolution Foundation. A…
Autumn Statement 2023
Today the Chancellor of the Exchequer, Jeremy Hunt, presented his Autumn statement. Below we break down the keep points and how they will affect you and your business. National Insurance and wages Economy and growth Business tax and…
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…
Is the Christmas party tax allowable?
It may only be October, 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 allowable…
Can you borrow money from your limited company?
The simple answer is yes, but there are tax consequences so it’s important you understand what you are doing. From time to time Directors of a company may wish to to borrow money from the business and take…
COMPANY VS SOLE TRADER: BENEFITS AND DRAWBACKS
Should you be a sole trader or a company? We are often asked that question when people are setting up in business, and the truth is it depends on the individual scenario and what you are looking to…
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…