Tax Reducers – Fact or Fiction?
Tax Reducers – Fact or Fiction? “I wish I was paying less tax” is probably a thought that has crossed the minds of many of us at least once in our lifetimes, and it would not be a surprise at…
Your guide to EMIs
Your guide to EMIs Enterprise Management Incentive (EMI) schemes are great for keeping and encouraging employees by awarding significant tax benefits to both company and worker. Typically, you may see EMIs being used as a tax-efficient tool to aid with…
Tax-Exempt Benefits: What are they and how do they work?
Tax-Exempt Benefits: What are they and how do they work? A significant number of employees will find that they receive non-cash benefits as a part of their remuneration often in the form of company cars, loans, mobile phones, private…
I’m a Sole Trader and I’ve made a loss in opening years; can I claim relief?
I’m a Sole Trader and I’ve made a loss in opening years; can I claim relief? A sole trader or an individual in a partnership making a loss has zero taxable profit for the year. Keeping in mind that…
Car Benefits: Your 2021/22 Tax Guide
Car Benefits: Your 2021/22 Tax Guide Car benefits are a topic which is often brought up in enquiries with our clients, so this article will go over some concepts in the interest of tax planning for the acquiring cars…
Your Pension Obligations as an Employer
Your Pension Obligations as an Employer Pensions are an essential resource for individuals as a reliable source of income to live on when they retire from working. A recent investigation found that the average pension pot savings across the UK…
What is the Film Tax Relief and can I claim it?
What is the Film Tax Relief and can I claim it? Filming is an expensive trade which probably does not come as a surprise to those involved with the creative industries. But there is a lifeline for those in the…
Are you missing out on potential tax reliefs?
Are you missing out on potential tax reliefs? What is tax relief? Tax relief enables you to deduct the amount you pay to the government during a tax year from your tax payable to HMRC. Essentially meaning there is less…
May 2021: Updated HMRC guidance on COVID support
May 2021: Updated HMRC guidance on COVID support Agent Update: Issue 84 provided useful insight into the latest guidance and changes HMRC have implemented over the recent months to help mitigate the financial damage caused by the pandemic to businesses.…
R&D Tax Credits in the Food and Drinks Industry
R&D Tax Credits in the Food and Drinks Industry We all love food and beverages, even more so when there’s something new on the block. Luckily for those of us in the UK, the food and beverage industry is one…