P45s, P11Ds and P60s – what are they?
Most employees will come across forms such as the P45, P11D and P60 during their...
Company Voluntary Arrangements
A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows...
Tax and trivial benefits
There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as...
Pay for imports declared via the CDS
If your business imports goods into the UK, it is important to be familiar with...
Tell HMRC about unpaid tax on cryptoassets
Where cryptoasset tokens (also known as cryptocurrency) are held personally, this investment is usually undertaken...
Tread carefully when using temporary contracts to confer tax breaks
A recent ruling has established that temporary worker arrangements do not constitute a single, continuous...
Understanding the responsibilities of company directors
Taking on the role of a company director is more than holding a title. Directors...
Reviewing insurance cover
Many businesses arrange insurance in the early days and then only look at it again...
Beware of the risks of engaging employees as sham contractors
Recently, a clear legal precedent confirmed that the nature of an individual's work is determined...
Paying Class 4 NICs
If you are self-employed and your profits are above £12,570, you may need to pay...
When you don’t need to make payments on account
If you file a Self-Assessment return you may need to pay your tax in three...
Advantages of VAT Flat Rate Scheme
If your business has relatively low VATable expenses, the VAT Flat Rate Scheme can simplify...
Taxable benefits for use of company car
The tax you pay on the use of a company car depends largely on its...
Business Asset Disposal Relief – the present rates
If you are thinking about selling a business or shares, it is important to understand...
Why ID verification is supposedly good for business
Last week, we covered the new requirement for directors and persons with significant control (PSCs)...
