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.
Tax News
Initial guidance on lifetime allowance for pensions released by HMRC
The lifetime allowance for Pensions will be fully abolished from the 2024/25 tax year, through a future Finance Bill.
Budget 2023: Free childcare extended to 30 hours
Long-term plans to offer up to 30 hours of free childcare for every child over the age of nine months were announced in last week’s Budget.
Breaking Down the 2023 Budget: Changes to Tax, Pension and Childcare Policies.
Our breakdown of the budget highlights key takeaways and provides insight into how these changes may impact individuals and businesses.
Maximise Your Corporation Tax Savings: 5 Strategies for UK Business Owners.
The recent changes to the UK’s corporation tax rates can be a cause for concern, but there are still ways to optimise your tax bill and keep more money in your pocket.
By following these five strategies, you can reduce your taxable profits, avoid the marginal rate of tax, and ensure the future success of your business.
Can Buying an Electric Car Save You Tax?
Buying a car through your Limited Company can be tax efficient, but there is a big difference between electric and petrol or diesel cars…
Energy price support for businesses to be extended…
Plans to extend energy bill support to non-domestic energy customers have been announced by the Government but the details are yet to be established…
Corporation tax changes: 2023
Corporation tax rates are changing for corporation tax years, starting on 1 April 2023. From this date, there will no longer be a single corporation tax rate for non-ring-fenced company profits.
Making Tax Digital – Update
Back in April 2019, HMRC announced their plans for Making Tax Digital, finally an easier way for individuals and businesses to be closer to their tax affairs and stay on top of them
Bank of England’s interest rate rise: How to protect your business.
Today the Bank of England announced an increase in its benchmark interest rate of 0.5% to 3.50%, we can help you put strategies in place to improve your cash flow.