Lump sums paid in continuing employment
A lump sum payment can sometimes be made in lieu of all or part of an employee’s salary, wage, commission…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
A lump sum payment can sometimes be made in lieu of all or part of an employee’s salary, wage, commission…
Under certain circumstances, companies (including non-resident companies trading from a branch or agency in the UK and local authorities) can…
A Close Company is broadly defined as a company that is controlled by: five or fewer participators or any number…
Since April 2019, VAT registered businesses with a turnover above the VAT threshold need to keep digital records for VAT…
What happens if your bank becomes insolvent and you stand to lose any funds deposited? The bank deposit guarantee limit…
The Queen’s Speech 2019 outlined several Brexit-related Bills, including an Immigration and Social Security Co-ordination (EU Withdrawal) Bill, designed to…
A reminder that the current National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1…
Entrepreneurs' Relief (ER) can be valuable relief when selling your business, your shares in a trading company or your interest…
The Chancellor of the Exchequer, Sajid Javid, has announced that he is planning to hold his first Autumn Budget 2019…
There is a special exemption from Inheritance Tax for cash gifts made on or shortly before the date that the…
The start of the 2019-20 tax year marked a fundamental change to the way Income Tax is calculated for people…
The Scottish rate of Income Tax (SRIT) commenced on 6 April 2016 and is administered by HMRC on behalf of…
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