Dispose of assets before 6 April 2024
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains…
Paying National Insurance contributions allows individuals to earn qualifying years, which in turn provides them with entitlement to the state…
Working Tax Credit is a UK government support program aimed at assisting employed individuals or families with lower incomes. This…
A P60 form, also known as an End of Year Certificate, is an important document provided by employers in the…
Earlier in the year, it was erroneously reported in the press that new tax rules were coming into force which…
Most private companies start as sole owner-managers; roll on a few years and some will have grown such that family…
Whether a claim for the cost of work clothes is tax deductible is covered by the general rule for deduction…
Expenses incurred by an employee on behalf of a company can only be reimbursed under the 'wholly, exclusively and necessarily'…
Work may be undertaken on a property to repair it or to improve it, and it will not always be…
Employers must pay their workers at least the statutory minimum wage for their age. Depending on the age of the…
Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them…
For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to…
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