HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.
With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential. Read more…
The UK economy is built on SMEs and innovative entrepreneurs. Read more…
Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes.
Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
Alternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for your business? Read more…
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.
The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.
Consistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth.