November 22, 2024
Payrolling of benefits mandatory from April 2026
From April 2026, payrolling of benefits will become mandatory. This will significantly change the way that employee benefits are reported and taxed in the UK. So, what do employers need to know? Under the new rules, all UK employers must payroll benefits-in-kind (BIKs) instead of submitting P11D forms each year.
November 16, 2023
Understanding the Employment Allowance: Why is it so important?
For UK employers, who face a myriad of obligations, responsibilities and challenges in the course of hiring and retaining employees, the Employment Allowance can be a vital financial aid. This blog explores the importance of understanding the Employment Allowance, and how it can positively impact your business. What is the
November 10, 2023
Setting up a Limited Company in the UK: A Wise Business Move?
When it comes to structuring your business, there are several options to consider – one of which is to establish yourself as a limited company. But, is this a wise business move? Ultimately, which structure you adopt depends on your circumstances, your objectives and existing tax thresholds; this means that
November 7, 2023
5 historical taxes you might not have heard of
With the Chancellor due to give his Autumn Statement on 22 November, and with talk of possible tax tinkering, this got us thinking about UK tax and some of the more obscure historical taxes we’ve seen come and go in years past. In this blog we take a look at
November 3, 2023
Probate property sales, shares and IHT impacted by registry delays
With the Probate Registry tackling a backlog of applications, probate property sales are suffering as a result of delays. In addition families are experiencing issues with payment of Inheritance Tax (IHT). Applications are taking anywhere between 16 and 26 weeks to be processed, and a grant issued. When talking with
September 21, 2023
Is your charity trading? Here’s what you should know
Is your charity trading? There are many organisations that, perhaps, would be unsure about how to answer this question. Trading as a charity can be complex. Some charitable organisations do not necessarily recognise what they are doing could be deemed a ‘trading activity’. Simply, trading is an exchange of goods
September 18, 2023
UK subsidiaries: Do you need an audit?
Many UK subsidiaries of overseas ‘parent’ companies are unaware that they may be required to have an audit. This is concerning given that so many international organisations use UK subsidiaries. This could be to scale up their operations or to move into new markets. Once an overseas entity establishes a