Tax-Efficient Strategies for Retiring Employees
Just because an employee receives a lump sum on leaving does not necessarily mean the payment is exempt from tax…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Just because an employee receives a lump sum on leaving does not necessarily mean the payment is exempt from tax…
Many directors believe they have an absolute right to money deposited in a company's bank accounts. However, payment cannot just…
With interest rates falling, business growth should follow. While this is waiting to happen, companies continue to close. The latest…
The deadline for filing your 2023/24 Self Assessment tax return online is 31 January 2025. An earlier deadline of 30…
Up to certain limits, it is possible to enjoy some savings income tax-free. The extent to which this is possible…
HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains…
Landlords letting residential property are not entitled to a deduction for the cost of the domestic items that they provide…
Partnerships exist in either ordinary format or as limited liability partnerships (LLP). An ordinary partnership is legally defined by the…
Furnished holiday lettings (FHLs) enjoy tax advantages not available to landlords letting residential property on long-term lets. The advantages are…
When an unincorporated business stops trading, accounts are prepared to the date of cessation. Where a limited company ceases trading,…
A taxable benefit arises where an employee has the private use of a company car. Unless the car is an…
If you are registered for VAT, you will need to keep normal business records. The records must be complete, up…
Book a free initial consultation with Makesworth’s chartered accountants.
Book a consultation 020 7993 8850