Some employee perks are losing their tax breaks.

Some employee perks are losing their tax breaks.

From 6 April 2017 the tax and employer national insurance advantages of a salary sacrifice or salary exchange will be removed, with the exception of: Pensions Childcare (Vouchers, workplace nurseries or directly contracted childcare) Cycle to work Ultra-low emission...
Deadline Dates – April 2015

Deadline Dates – April 2015

1 April 2015 Payment of corporation tax liabilities for SMEs account period ended 30 June 2014 where payment is not made by instalments. Reduction in main rate of corporation tax to 20%. Small profits rate is abolished except for ring-fence profits. Change to emission...
‘Tis The Season To Be Jolly…

‘Tis The Season To Be Jolly…

In the spirit of seasonal cheer, it’s that time of year again to remind you all that HMRC has a festive loophole that means businesses pay no tax on corporate Christmas parties. Businesses of all sizes are allowed to spend a tax-free amount of up to £150 (inc....

Company Director – A Position Of Responsibility

There are several reasons why you and your business may benefit by trading as a corporate entity.  These include tax efficiency, prestige or credibility within the business world and, of course, limited financial liability. In all cases however, you should remember...