Expenses incurred by an employee on behalf of a company can only be reimbursed under the 'wholly, exclusively and necessarily' rules for...

We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and...

Recruitment agencies often use umbrella companies to pay temporary workers. HMRC confirms that there is no statutory definition of an...

People set up in business for a variety of reasons. For some it is a dream that becomes a reality some years later. In working towards...

Employers must pay their workers at least the statutory minimum wage for their age. Depending on the age of the worker, they may be...

Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC...

For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which...

As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the...

Work may be undertaken on a property to repair it or to improve it, and it will not always be clear where the dividing line falls. The...

Not all property is equal when it comes to stamp duty land tax (SDLT). Higher rates apply to residential properties than to...

A would-be property investor will need to be able to fund the purchase of their investment property. They may choose to do this...

Noone wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is achieved...

As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your 2023/24 dividend...

If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals,...

In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from...

The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set to change from...

Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax and you want to have...

Although inflation is now on a downward trend, the sharp cost rises over the last 18 months are baked in. Energy prices are increasing...

The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid...

With a combination of low growth and high inflation, the 2022/23 tax year has been a tough time, financially speaking, for many of us. So...