National Payroll Week is not only a chance to celebrate the hard work of payroll professionals but also to recognise the vital role payroll plays for millions of employees across…
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P11d forms for reporting expenses and benefits in kind provided to employees and directors in 2023/24 need to be submitted by 6 July 2024. It is important to note that…
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Square Point of Sale (POS) systems have become incredibly popular since they launched in 2017. The little square card reader now appears everywhere from busy restaurants to coffee carts outside…
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If you are considering lending money to, or subscribing for shares in, an unquoted trading company then, like many investments, there is always a risk that you may lose your…
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Ordinary Commuting and Tax Implications Travelling from home to an employee's normal workplace is considered "ordinary commuting" and does not qualify for tax relief. Furthermore, if these travel costs are…
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HMRC has relaunched the beta testing for Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) as of 22 April 2024. Although MTD ITSA will not be mandatory until at…
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Making Tax Digital for income tax self-assessment is scheduled to commence in 2026/27 for sole traders and property landlords with gross income of £50,000 or more, and the threshold then…
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In a move poised to redefine the landscape of business taxation, the method for taxing profits of unincorporated businesses has undergone notable changes starting from the 2023/24 tax year, with…
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