Business News

15 June 2023

Roadside charging – How to account for credit card payments

With a growing number of company car owners using electric vehicles, many are deciding or being permitted to use company credit cards to pay for roadside

15 June 2023

Late interest penalties hit 1.4 million taxpayers – and it could get worse

The 2020/21 tax year saw 1.4 million people charged interest on overdue tax payments – a 15 per cent increase on pre-pandemic figures. The data was

15 June 2023

Trivial benefits in kind and the advantages they give to employers

It is important for employees to feel valued in the workplace. A lot of the time, it is the little things that employers can provide to

15 June 2023

Changes to free childcare, but higher earners will still miss out

In the Spring 2023 Budget, the Government laid out plans to shake up the current free childcare system – but many higher earners will be disappointed

15 June 2023

Constantly asked for pay rises? Here is what you need to know about pay in the UK

As an employer, you will likely face the delicate situation of employees asking for pay rises. With the cost-of-living crisis and rise in inflation, these requests

15 June 2023

The ins and outs of pre-notification of R&D claims

The UK Government has long encouraged businesses to invest in Research & Development (R&D) projects, believing it to be at the forefront of economic growth. R&D

19 May 2023

P11D – Are you ready to report and pay tax on Benefits in Kind?

Benefits in Kind (BIK) cover a number of different perks or additional payments made by employers to their employees. They can include any of the following:

19 May 2023

Changes to the repayment of Student Loans begin in August

The way in which Student Loans are repaid is changing and employers need to be prepared. Currently, graduates and students who have taken out student loans

19 May 2023

Fiscal drag bites on earners

Changes to personal tax allowances and higher interest rates have seen a growing number of people being affected by fiscal drag. Fiscal drag is the phenomenon

19 May 2023

What is the Residence Nil-Band Rate? And why does it matter to you?

The Residence Nil Band Rate (RNRB) was introduced by the Government in 2017 and benefits families passing on their main property to a direct descendent. Since

19 May 2023

Landlords are latest group targeted by HMRC ‘nudge’ letters

Residential landlords are the latest group to have been targeted in receiving ‘nudge’ letters from HM Revenue & Customs (HMRC). The letters are part of a

19 May 2023

683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen

The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals claiming child benefits who were earning