Reporting 2024/25 benefits and expenses
Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect of those benefits. The …
New thresholds for off-payroll working
The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public sector body …
Claiming mileage relief
Employees may pay for the fuel that they use for business journeys undertaken in their own car or in a company car. Often, an employer …
Reporting 2024/25 taxable expenses and benefits
If, as an employer, you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet …
Taxation of company cars in 2025/26 and beyond
Employees with a company car available for their private use pay tax on the benefit. The amount that is charged to tax is a percentage …
Official rate of interest
The official rate of interest is a rate set by HMRC which is used to calculate the benefit-in-kind tax charge on cheap employment-related loans, and …
Pension savings in 2025/26
Putting money into a registered pension scheme can be tax-efficient. Individuals can make contributions in their own right, or even for someone else, and employers …
National Insurance changes from April 2025
Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to …
Bookkeeping Best Practices for Woolwich Entrepreneurs
As an entrepreneur, maintaining accurate and up-to-date financial records is crucial for the success of your business. Whether you’re just starting out or managing a growing business, effective bookkeeping allows you to stay on top of your finances, avoid costly errors, and comply with HMRC regulations.
Top Accounting Services for Small Businesses in Woolwich
Accounting is the backbone of any successful business. Without proper financial management, it can be difficult to track cash flow, manage taxes, and plan for the future. Here are some of the key reasons why hiring an accountant for small business in Woolwich is essential
Online claim for expenses tax relief
Employees who incur expenses in undertaking their job may be able to claim tax relief for those expenses where they are not reimbursed by their …
Timing your payments around the year end
For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals basis under which income …
