Tax and trivial benefits
There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as a bottle of…
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Pay for imports declared via the CDS
If your business imports goods into the UK, it is important to be familiar with the Customs Declaration…
Company Voluntary Arrangements
A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows a company with…
P45s, P11Ds and P60s – what are they?
Most employees will come across forms such as the P45, P11D and P60 during their working life, and…
Updating your tax code
It is quite common for tax codes to be wrong, particularly if your income or employment situation has…
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 employment relationship in…
Reviewing insurance cover
Many businesses arrange insurance in the early days and then only look at it again when something changes,…
Understanding the responsibilities of company directors
Taking on the role of a company director is more than holding a title. Directors have legal duties…
Taxable benefits for use of company car
The tax you pay on the use of a company car depends largely on its CO2 emissions, so…
Paying Class 4 NICs
If you are self-employed and your profits are above £12,570, you may need to pay Class 4 National…
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 by the reality…
Advantages of VAT Flat Rate Scheme
If your business has relatively low VATable expenses, the VAT Flat Rate Scheme can simplify your VAT reporting…
