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Company car tax comparison for employees

Richard Dilley Academies, Accounting, Business, Business Advisory, Business planning, Business strategy, Business Support, Charities, Construction, Economic / Business News, Employees, Employers, George Hay, HMRC, Hospitality, Industry Sectors, Landlords, Large businesses, Legal, Personal Taxation, Professional, Property, Research & Development, Retail, Richard Dilley, Scientific, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member, Technical, Travel August 17, 2022November 15, 2023benefit-in-kind, company car tax, diesel, electric vehicles, national insurance 0 Comment

Company cars in the traditional sense have not always been the most tax efficient reward to offer a workforce. However, as part of its green agenda, the Government want to encourage the use of electric vehicles (EVs) and hybrid models,

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Capital Gains: Separation and transfer of assets

Barry Jefferd Accounting, Barry Jefferd, Capital Gains Tax, George Hay, HMRC, Legislation, Personal Taxation, Tax August 8, 2022November 15, 2023Capital Gains Tax, CGT, civil partners, disposal of assets, divorce, HMRC, no gain no loss, personal tax planning, private residence relief, spouse, tax year 0 Comment

For separating or divorcing spouses, HM Revenue & Customs (HMRC) has announced important changes to Capital Gains Tax rules relating to transfer of assets. Currently, assets transferred between cohabiting spouses and civil partners are subject to “no gain or no

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Companies House to change filing requirements for small businesses

Hayley Huckle Accounting, Annual Accounts, Business, Business Advisory, Business Support, Economic / Business News, George Hay, Hayley Huckley, HMRC, Hospitality, Industry Sectors, Legal, Legislation, Professional, Property, Research & Development, Retail, Scientific, Small businesses, SMEs, Start-ups, Team Member, Technical, Travel April 8, 2022November 16, 2023Companies House, corporate register, filing accounts, incorporation, iXBRL, micro-entities, profit and loss, small businesses 0 Comment

The Department for Business, Energy & Industrial Strategy (BEIS) has published a whitepaper detailing its response to consultations on Companies House reform. We know the service to be flexible and accessible, as it enables many entrepreneurs, every day, to incorporate

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High Income Child Benefit Charge – are you liable?

Rachel Whitby Accounting, George Hay, HMRC, Personal Taxation, Rachel Whitby, Self-Assessment, Tax, Team Member February 4, 2022November 16, 2023child benefit, HICBC, high-earner, HMRC, income, inflation, national insurance, parents, self-assessment, state pension 0 Comment

The High Income Child Benefit Charge (HICBC) appears to be hitting headlines again recently, and so we thought it a topic worth revisiting. The regime is coming under fire for failing to keep up with the times and effectively serve

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IHT reporting requirements – What’s changed?

Barry Jefferd Barry Jefferd, George Hay, GH Probate, HMRC, Inheritance Tax, Legislation, Probate, Team Member January 17, 2022November 16, 2023estate administration, excepted estates, IHT205 form, inheritance tax, probate, probate application 0 Comment

On 1 January 2022, changes to Inheritance Tax (IHT) reporting requirements came into force via The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2021. The changes themselves are fairly technical in nature. To go into too much detail

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Can home office costs be met by my limited company?

Oliver Heeley Accounting, Business, Business Advisory, Business Support, Business Taxation, Cash flow, Economic / Business News, George Hay, HMRC, Large businesses, Oliver Heeley, Personal Taxation, Property Taxation, Small businesses, SMEs, Start-ups, Tax, Team Member, VAT August 3, 2021November 16, 2023business use, CGT, company director, home office, limited company, property, remote working, tax relief, VAT 0 Comment

Whilst many are enjoying the benefits of remote working, lacking a dedicated space from which to do so can wear thin. As such, thoughts turn to creating a more ‘permanent’ and comfortable home office space. If you’re a company director,

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Let Property Campaign: An opportunity for Airbnb hosts

Emma Wilsher Accounting, Business, Business Advisory, Business Support, Economic / Business News, Emma Wilsher, George Hay, HMRC, Industry Sectors, Landlords, Property, Property Taxation, Tax, Team Member June 23, 2021November 16, 2023airbnb, HMRC, landlords, let property campaign, property tax, rent-a-room, rental income, self-assessment, tax investigation, tax return 0 Comment

Airbnb hosts who have neglected to declare taxable rental income have an opportunity to do so via HMRC’s Let Property Campaign (LPC). If rental income from a second property is not covered by rent-a-room relief, this should be declared on

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