Fantastic news for employers! There's a way you can fund staff social events without generating a tax bill. This isn't a mere concession—it's a legit statutory exemption if certain conditions…
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Tax-Free Childcare accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child has a disability. This can include paying for…
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The latest Finance Act includes two changes that will affect all R&D claims: (1) A requirement to provide additional information before an R&D claim is made; and (2) A requirement…
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Inflation has resulted in businesses grappling with escalating production costs, dwindling purchasing power, and the urgent need for pricing strategy recalibration. Here are some strategies to help firms deal with…
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The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to calculate VAT and prepare returns compared to normal VAT…
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With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to…
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HMRC has announced that the official rate of interest will increase from 2% to 2.25% on 6 April 2023. The official rate of interest is used to calculate the income…
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The government has announced several tax consultations on its Tax Administration and Maintenance Day, 27 April. These include measures designed to support the government's ambition to simplify and modernise the…
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