If you’re a business owner or director, getting your salary structure right is crucial. A solid and adaptable plan can help to save you and your business from paying more tax than necessary and ensure that you get the most out of being a business owner! There are a number of tools in your arsenal […]

Cryptoasset holders are the latest to be targeted by HMRC for reported failure to pay tax on profits as the Government seeks to reduce the tax gap and bolster public finances. Tax non-compliance is estimated to be high in the cryptoasset sector, as tax legislation faces the challenge of keeping up with a rapidly evolving […]

In the aftermath of the General Election, Chancellor Rachel Reeves has formalised the creation of the National Wealth Fund (NWF) – a crucial pledge in the Labour Party manifesto designed to boost the UK’s infrastructure. Through a combination of public and private funding, the Fund aims to incentivise and facilitate investment by the private sector […]

From April 2026, all employers which offer benefits-in-kind (BIKs) to employees must report them for tax purposes via their payroll system – a reporting method known as payrolling. Under current regulations, employers may report taxable BIKs to HM Revenue & Customs (HMRC) via either: Payrolling – Recording all taxable benefits through your payroll system, which […]

Employers need to be aware that since 6 April 2024, employees are entitled to take a week’s unpaid leave each year if they need to fulfil caring responsibilities for a dependant. An important consideration is when an employer is entitled to postpone a request for carer’s leave. The basics Employees are entitled to carer’s leave […]

The way that employees are paid in the UK has changed in a number of ways, from holiday accrual to a rise in the National Minimum Wage. As an employer, compliance with new regulations needs to be your number one priority – ensuring that your payroll is up to date to avoid breaching the rules […]

Beginning on 6 April 2024, the 2024/25 tax year is set to bring about a number of changes to the way employees are paid in the UK. If you are an employer, you should be prepared to meet new requirements and ensure that your payroll is up to date to avoid breaching new regulations. Changing […]

Cryptocurrency has gained traction in recent years, however there is still uncertainty and controversy surrounding it due to its often unpredictable and volatile nature. A lack of regulation has also been seen as a serious problem, which is why HM Revenue and Customs (HMRC) is increasing its focus on the taxation of digital currencies. HMRC’s […]