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Articles in category: Staff – Tax Team

Trivial Benefits; A Quick Guide

If you’re an employer and you provide benefits to your employees, these are usually subject to tax and National Insurance. HMRC introduced a new exemption for “trivial benefits”. This means that small gifts to employees and entertainment provided to employees are now exempt for tax and NI. What is a Trivial Benefit? A trivial benefit […]

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Useful tips for the tax year end!

As the 2018/2019 tax year end approaches, have you thought about doing some last-minute tax planning that could save you money? Here are a few simple tips to help with your tax planning: Dividends If you haven’t already, pay yourself dividends to use up the dividend allowance. Companies with adequate retained profits should contemplate paying […]

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Chancellor confirmed IR35 legislation change for the private sector!

From April 2020, it was verified that contractors working for private businesses will now contribute more to higher tax and national insurance. IR35 legislation first came into force in April 2000. It is an anti-avoidance tax legislation devised to challenge ‘disguised employment.’ In other words, the law generally tackles those people who provide their services […]

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If you have used disguised remuneration schemes is this you?

Settle your tax affairs before loan charges come into effect in April 2019! If you have used disguised remuneration tax avoidance schemes involving the use of loans, you will need to be aware that from 6 April 2019 new legislation comes into effect meaning that all loans outstanding at 5 April are swept up and […]

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Is my company eligible for an R&D tax claim?

If you’re wondering whether your business is eligible for an R&D tax claim, then take one step further and find out… Our dedicated R&D Tax Team have over five years of experience in providing professional and exceptional Tax Relief services to many clients and accountancy practices. Our consultants have a superb working relationship with the […]

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What does the summer 2015 budget mean?

Our summer 2015 budget summary is designed to help you interpret what the summer 2015 budget means to you. Alongside our text we have included tips which you may want to consider. At the back of the Summary you will find a calendar of the tax year with important deadline dates shown. One of George […]

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What could the election mean? Conservative Manifesto Tax Polices

Manifesto Tax Policies – Conservative The most prominent tax announcements included: increasing the inheritance tax threshold to £1m; ensuring all people who work 30hrs per week on the minimum wage pay no income tax; a commitment to no rise in VAT, national insurance contributions or income tax; increasing the personal allowance to £12,500 and raising […]

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Spring 2015 Budget – What you need to know

“Budgets probably don’t win or lose elections on their own – but in an election year, the Chancellor surely has one eye on the polls. George Osborne promised there would be no gimmicks and no irresponsible giveaways: he would concentrate on the Government’s long-term aim of reducing the deficit, rather than attempting to fool the […]

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