HM Revenue & Customs (HMRC have one clear objective, to recover past government expenditure and then recycle the cash collected to repay government borrowing and release funds for future expenditure…
How to reward your staff, not the taxman
Giving Christmas gifts and hosting parties for your employees is a worthwhile tradition, but it’s important to be aware of the rules and regulations…
Plan ahead to file accounts on time and avoid penalties
If you have a September deadline for filing your accounts, leaving it until the last minute risks being hit with a fine…
HMRC hikes interest rates again on late payments
The latest rise was triggered by the increase in the Bank of England base rate to 5.25 per cent and set in legislation…
Working overseas? Be aware of the tax implications
Whether temporary or long term, there are tax and legal implications for the employer and the employee working overseas away from HQ…
Check the rules before sharing your generosity
From time to time, it feels good as a boss to be able to treat your team, whether it’s someone’s birthday or as a get-well gift. But there are rules to be followed to prevent you getting in trouble with the taxman…
How to stay on the right side of the tax man
Taxes are one of the certainties of life, according to Benjamin Franklin, and if you are in business it pays to know for which taxes you are liable…
Running a business from home? Don’t forget to claim
There are two methods you can use for calculating your expenses – one is straightforward, but favours the taxman, while the other is more cost-effective for you…