Avoid the tax scammers! HMRC scams are most prevalent in December and January because these are always the busiest months for tax return filing. HMRC has recently issued a warning about self-assessment scams, including phishing emails and texts. How can you avoid getting caught? HMRC occasionally contacts taxpayers to warn … READ MORE
Business entertainment Income and corporation taxes prevent businesses from claiming a deduction from profits for expenses spent on business entertainment. This includes taking clients out for a meal or attending a sports event. There is a similar rule for directors and employees but to prevent being taxed twice the same … READ MORE
A staff party or an annual function qualifies as a tax-free benefit for your employees providing that you meet the following conditions: The total cost must not exceed £150 per head, per year. £150 includes VAT together with any extra costs such as transport and accommodation. The £150 is a limit and … READ MORE
In the run up to Christmas we thought we’d give you a few hints and tips about tax efficient benefits for your employees.April 2016 brought in new rules for trivial benefits. There is no annual requirement, and it covers small non-cash gifts, e.g. flowers, wine, meals etc. Unlike the Christmas … READ MORE
VAT, Finance & Tax Changes – 2017 A number of tax and finance changes are set to take place in 2017. It is important to start planning ahead of time so that you take advantage of any opportunities available. Some of the changes are in the process of being legislated … READ MORE
