Tax-free savings income
There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers – the…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers – the…
Where an employee uses their own vehicle for business journeys, their employer can cover the associated costs by paying a…
If their profits are high enough, the self-employed pay two classes of National Insurance contribution – Class 2 and Class…
Directors and shareholders in close companies are often able to influence the payments that are made to them. Broadly, a…
In common with other types of business, expenses are unavoidable when running a property business. However, subject to certain conditions,…
Investors who are not connected with the company may claim income tax relief of 30% of the amount that they…
HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured…
In preparation of the introduction of MTD for income tax, which comes into effect from 6 April 2024 for unincorporated…
Unincorporated businesses and companies planning capital expenditure projects need to be aware of some time-limited reliefs. Timing capital expenditure to…
The corporation tax rules are changing from 1 April 2023, and the amount that a company will pay will depend…
The High Income Child Benefit Charge (HICBC) is a tax charge that claws back payments of child benefit where the…
The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition…
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