Posts Tagged: tax planning tax consultant

Staff Uniforms and the National Minimum Wage Pitfall

Your staff uniforms could be causing you to breach minimum wage rules. Here’s why (and how to comply). (4 minute read) In today’s top tip: How HMRC assess whether you’re paying appropriate wages Why staff uniforms can cause problems How to avoid breaking wage regulations Minimum Wage and Staff Uniforms All employers must pay at… Read more »

£30 Million up for Grabs via Interest-free Electric Vehicle Loan

Thinking about swapping to a zero or low-emissions vehicle? You could get a very generous electric vehicle loan from the government. There’s no time like the present! (4 minute read) Today we’ll be discussing: How to claim your interest-free electric vehicle loan How much you could receive Other available grants for zero and low-emissions vehicles… Read more »

Annual Investment Allowance: Claim £1 MILLION in Tax Relief

You’ve only got until March 2023 to claim up to £1 million in Annual Investment Allowance, don’t miss out! (4 minute read) Today’s Friday Tax Tip explains: What is Annual Investment Allowance? How much you can claim How to claim it What is Annual Investment Allowance? The Annual Investment Allowance is a Capital Allowance that… Read more »

Long-term Service Award: The Tax-free Way to Celebrate Your Employees

There’s never been a better time to show your long-term employees you value them. And there’s no better way to do that than a long-term service award. (5 minute read) Today’s tip will explain: The current climate of employee turnover How to reward and encourage employee longevity Can a Long-term Service Award Promote Employee Loyalty?… Read more »

University Students and Tax: Supporting your Children

University students and tax don’t often mix. But when your children are grown up and heading into higher education, it pays to plan ahead. (4 minute read) Today’s tip will explain: What financial support is expected of parents when children go to university How to support your university students and tax obligations University Students and… Read more »

Corporation Tax Rise: Beat the Tax Hike

Although the Corporation Tax rise won’t officially hit until next year, some businesses are already feeling the pressure. Here’s how to plan for 2023. (3 minute read) Today’s tip will explain: What the Corporation Tax rise means for you Cutting the costs before they’re incurred What’s New? Rishi Sunak announced several huge changes to tax… Read more »

How Long to Keep Business Records UK? Mastering your Skills

There’s no time like the present to boost your record-keeping skills. Here’s how long to keep business records UK! (3 minute read) Today we’re learning: Which documents to keep How long to keep business records UK Top tips for record-keeping Top Tip: If you’re the type to get buried beneath a mass of unordered paper,… Read more »

Optimal Director Salary 2022/23: How High is the Perfect Salary?

A new fiscal year means a new paradigm shift! Here’s how to work out the best director salary for you in 2022/2023. (3 minute read) Today’s tax tip explains: What an optimal salary is How to calculate your optimal salary How to extract funds from your company efficiently What is an Optimal Director Salary? Director/shareholders… Read more »

New Government Guidance Issued: Minimising your Tax Bill

With the cost-of-living crisis worsening, the government is reminding taxpayers to take advantage of reliefs, allowances and support from HMRC. Here’s what they’re recommending. (4 minute read) Today’s tax tip explains: The new guidance to lower your tax bill How you can access tax support Minimising the sting of taxation What’s in the News? HMRC… Read more »