Simple ways to reduce IHT bills
The National Insurance (NI) rates and thresholds are reviewed each year. HMRC has recently published the applicable amounts for the forthcoming 2022/23 year. What are the most important points for our clients to know?
HMRC confirms NI rates for 2022/23
The National Insurance (NI) rates and thresholds are reviewed each year. HMRC has recently published the applicable amounts for the forthcoming 2022/23 year. What are the most important points for our clients to know?
New guidance on property disposals
Anyone who has tax to pay on the disposal of a UK residential property must complete a special capital gains tax (CGT) return and make a payment within a short space of time.
HMRC announces one month late filing reprieve
The standard deadline for individuals filing a tax return is 31 January. Failure to meet this deadline usually means a £100 automatic penalty applies, even if no tax is owed. Why will an HMRC announcement bring relief to those struggling due to the pandemic?
Making your joint income tax efficient
In some situations married couples and civil partners can elect how they split their joint income for tax purposes. It’s a useful tax-planning tool, but the drawback is that once made an election can’t be revoked. Is there a way around this?
Employee expenses procedure up to scratch?
Have you considered if your employee expenses procedure is up to scratch? Naturally, you want to keep costs as low as possible, and having a solid system in place to review employee expenditure claims should be part of that strategy.
Latest advisory fuel rates now available
HMRC updates its advisory rates for business miles undertaken in company cars quarterly. The latest figures are now available – what impact has the recent rise in fuel costs had?
Why outsource your CIS payroll?
If you work in the construction sector,
you’re probably already familiar with the
Construction Industry Scheme (CIS).
But why should you outsource your CIS payroll?