Time for a tax-free seasonal bash?

Time to let your hair down? Enjoy a festive moment or two with your business colleagues and staff? If you are careful with your budgeting, you can enjoy the event without increasing your tax or National Insurance payments. Here’s what you need to consider: What's exempt? You might not have Read more…

Merry Christmas

From a business perspective there is not much to be merry about this year especially if you need some clarity regarding our impending exit from the EU. Never-the-less, business owners would be wise to consider the tax-free gifts that can be made to ease the financial needs for extra funds Read more…

What is an OpRA?

OpRA is the acronym for an optional remuneration arrangement. Before April 2018, these were termed “salary sacrifice” arrangements. Essentially, both are benefits in kind (BiK) offered to employees in place of salary increases. Recent changes ensure that that where such benefits are offered recipients many are taxed as if the Read more…

Tax Diary December 2018/January 2019

1 December 2018 – Due date for Corporation Tax due for the year ended 29 February 2018. 19 December 2018 – PAYE and NIC deductions due for month ended 5 December 2018. (If you pay your tax electronically the due date is 22 December 2018) 19 December 2018 – Filing Read more…

What is AEO?

Businesses that presently trade with the EU block may like to consider applying for Authorised Economic Operator (AEO) status. The following notes explain why this may be helpful. AEO status is an internationally recognised quality mark that shows: your role in the international supply chain is secure your customs controls Read more…

Tax free perks at Christmas time

This article is our usual reminder of the tax breaks available if you are organising a Christmas party for your staff. Many businesses take time out to provide their employees with a work based party or similar event. If you are concerned about the tax consequences of Christmas celebrations, read Read more…

Disqualified from acting as a director

When a director has been found guilty of mismanagement verging on fraud, one of the remedies that the courts can impose is disqualification as a director. But what does this actually mean? A disqualified director has to abide to the following restrictions: While the order or undertaking is in force, Read more…