Making use of your inheritance tax allowances
It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you give away sufficient assets at …
It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you give away sufficient assets at …
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains less allowable losses for the …
Paying National Insurance contributions allows individuals to earn qualifying years, which in turn provides them with entitlement to the state pension and certain contributory benefits. …
Earlier in the year, it was erroneously reported in the press that new tax rules were coming into force which would mean that anyone selling …
Employers must pay their workers at least the statutory minimum wage for their age. Depending on the age of the worker, they may be entitled …
Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end …
For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which is …
As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth …
As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the …
No one wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is …
As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your …
If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals, you can use …