This time of the year as we approach the end of the tax year we look at all the steps you need to take to make sure you are taking advantage of the tax savings measures available to you. We will consider the different measures and help you plan for the tax year-end. Although overall, […]
Search Results for: employee benefits
Capital Allowances, Corporation Tax, Tax Tips, Uncategorized
Ways to reduce your corporation tax bill
28
Feb
Feb
With the corporation tax rate rising from 19% to 25%, business owners have started to face higher corporation tax bills from 1 April 2023. So, what are the ways to reduce your corporation tax bill? If you are running a profitable business, you may be wondering if you’re taking advantage of all the tax efficiencies […]
07
Feb
Feb
When an employee has access to a car provided by their employer, it usually results in a company car benefit-in-kind (BIK). However, if the car is classified as a “pool” car, then no taxable benefit arises. So, when is a “pool” car, not a “pool” car? Company Car Tax A company car is a common […]
Business Tips, Employee Benefits, Personal Tax, Tax Tips
Salary Sacrifice Scheme and the Electric Car
17
Jan
Jan
Salary sacrifice has been around for a while now. But in recent times it has become a popular topic again. For two reasons, first employers want to offer a competitive package to help with staff retention. Second, money is tight for everyone, and a salary sacrifice scheme offers tax savings. Tax savings for both the […]
22
Nov
Nov
Earlier today, Chancellor Jeremy Hunt delivered the Autumn Statement 2023. He began by stating that the economy had performed better than expected and that “real” income had increased. As a result, he announced 110 measures in the Autumn Statement that aim to drive growth. We were thankful that he did not go into each and […]
01
Nov
Nov
A couple of years ago we were discussing if contracting was dead in the water. The introduction of IR35 reforms in April 2017 and April 2021 had raised questions. The issue of IR35 so to speak. These reforms transferred the responsibility of determining IR35 status from contractors to clients, causing a significant compliance burden. It […]
18
Oct
Oct
Have you ever wondered what the cycle to work scheme is? Do you have friends or family who are taking their bike all or part of the way to work and saving tax in the process? The cycle-to-work scheme is used by over a million employees across the UK. It saves them money and enables […]
13
Sep
Sep
Currently, in the UK, there is a shortage of high-quality staff to support businesses. There are multiple reasons behind this, and some of them are beyond our control. However, you can control the type of employer you are. The initial step is to comprehend your responsibilities as an employer. So what are your duties as […]
Business Tips, Corporation Tax, Employee Benefits, Payroll, Personal Tax
The best ways to take money out of your company.
23
May
May
What are the best ways to take money out of your company? This is the most common question asked by many clients. You choose to operate your business as a limited company for various reasons. One of the top reasons is normally so that you can have protection under “limited liability” and the other is […]
25
Jan
Jan
January is normally when so many of us start looking at our holiday plans for the year ahead. What better way to spend those cold dark evenings. A few of us even dream of having a holiday place that we can call our own. And why not? A place of our own in a familiar […]