Here are my top 10 tax free benefits that all small business owners should know about. No PAYE or NI liability for the employee or employer.
Tax News
Food and Entertaining – What can be claimed?
Entertaining can involve eating, drinking and other hospitality. In most cases, other than staff entertaining, the cost of business entertainment is not tax-deductible nor is the VAT recoverable.
Benefits in kind to look out for in your business
Did you know some benefits in kind must be declared to HMRC and are taxable?
This blog lists several non-cash perks to watch out for, including cars and gym memberships.
End of year Tax Planning: Five tax tactics to deploy before the end of March 2024
Five steps you can still implement before 5 April which will help to reduce tax liability and protect wealth
Reduce your corporation tax bill by offsetting pension contributions
Are you using director pension contributions to reduce your tax? You could be claiming these as deductible expenses against your corporation tax bill.
P11d Forms: What you need to know as an employer
Get up to speed on the important details of P11d and P11d(b) reporting, including the annual deadline, who it applies to, payment due dates, and penalties for filing late.
Learn what is required on each form and how to minimise employee tax on non-cash benefits.
Autumn Statement: de Jong Phillips’ take
Here are the highlights from the Chancellor’s Autumn statement. It includes a big reduction in National insurance rates, R&D relief changes and no change to tax thresholds’
Employer-provided loans
Looking to provide your employees with a helpful benefit?
Discover how tax-free and affordable loans can be an excellent option for providing financial support.
Whether it’s for travel season tickets or electronic equipment, this blog explores the ins and outs of these loans and the rules that apply.
Personal tax changes from 6 April 2023
The UK government has frozen tax thresholds.
Here’s the latest information on tax changes and how they may affect you.
Perks without the Tax Bill: Using PAYE Settlement Agreements for Staff Benefits
Once you have taken advantage of the non cash tax free benefits you can give to your staff you may be considering rewarding your employees with a few more perks. But what to do about that tax bill it causes them? Here we talk through your options.