Is it time to disincorporate?
On 26 October 2023 one of the most significant pieces of company legislation came into being. The main thrust of…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
On 26 October 2023 one of the most significant pieces of company legislation came into being. The main thrust of…
The usual method of declaring employees’ benefits in kind and taxable expenses is via the annual P11D form submission. Employers…
The Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free…
Making any employee redundant is a difficult decision and potentially distressing for all involved. Getting the process wrong could result…
It is eight years since companies had to deal with two tax rates and marginal relief when calculating their corporation…
Most business owners know that VAT registration is a legal requirement should total taxable turnover for the previous 12 months…
Letting holiday properties, particularly in coastal resorts, may have a strong seasonal bias, and when business is slow during the…
Landlords coming to the end of their fixed rate mortgage deal are likely to be paying considerably more in interest…
In setting up a trade it is inevitable that expenses will be incurred before the trade actually commences. Expenses may…
If you have unrelieved overlap profits, you will not be able to claim relief for those profits after 2023/24. Overlap…
HMRC are sending one-to-many ‘nudge’ letters to taxpayers who included an invalid claim for gift hold-over relief in their 2021/22…
Workers are entitled to be paid the National Living Wage (NLW) or National Minimum Wage (NMW) for their age. Employers…
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