by Ray Baxter | Jul 31, 2024 | Blog
If you are required to make income tax payments on account, today is the deadline for the second payment on account for the tax year ended 5 April 2024. You will probably have made a first payment on account in January along with a balance payment for the 2022/23 tax...
by Ray Baxter | Apr 10, 2024 | Blog
Tax Tips for Employees: Tax rules sometimes seem like one compliance hurdle after another. So it’s good to know that some of them can be used to benefit your employees. The ‘trivial benefits’ rules are an example. Correctly applied, they allow a benefit costing not...
by Ray Baxter | Feb 7, 2024 | Blog
This week we’re talking about tax, more specifically, Smart Money-Shifting. With interest rates rising, this is good news for savers, or is it? The tax implications of earning interest on your savings income should be looked at carefully, as those with savings...
by Ray Baxter | Dec 1, 2016 | Business Updates
Childcare Vouchers (Old scheme) – This employer led scheme allows you to provide a member of staff with childcare vouchers worth up to £55 per week completely tax free. You can gift the vouchers instead of salary (salary sacrifice). You save the employer’s national...
by Ray Baxter | Dec 1, 2016 | Business Updates
Gifts – As of 6th April 2016, “trivial” benefits up to the value of £50 are tax and N.I. free.This covers gifts to your staff such as a bottle of wine, chocolates, flowers etc. However, cash gifts and gift vouchers are excluded from this. Entertainment – You can pay...
