Time running short to use your 2024/25 personal allowance
Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For 2024/25, …
Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For 2024/25, …
Individuals have a separate tax-free allowance for CGT purposes – the CGT annual exempt amount. Although it has been reduced considerably in recent years and …
If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes …
Managing payroll is one of the most time-consuming tasks for any business owner. Ensuring that your employees are paid correctly and on time, while staying compliant with HMRC regulations, can be a complex process.
A company secretary is not just an administrative role but a key figure in ensuring that your business complies with statutory and regulatory requirements.
Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on …
Where an employee has more than one job, they may be able to defer the payment of Class 1 National Insurance contributions in one or …
There are various reasons why tax may be overpaid, and when more tax has been paid than is due, it is understandable that the taxpayer …
When starting a business, there are various decisions to make and tasks to perform. One of the first questions to address is whether to run …
One of the more unpopular Budget announcements was the rise in employer’s National Insurance from 13.8% to 15% from 6 April 2025. The Class 1A …
The payment of National Insurance Contributions (NICs) is linked to entitlement to the state pension. If sufficient National Insurance Contributions of the right type are …
The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme, businesses …