Companies House has introduced a new legal requirement for all individuals involved in setting up, running, owning, or controlling a company in the UK to verify their identity…
New Identity Verification Requirements from Companies House Read More »
Mandating the payrolling of benefits in kind.
The government have announced additional time to prepare for the mandatory use of payroll software to report and pay:
Taxing employee benefits and expenses through your payroll Read More »
Your qualifying income is the total income that you get in a tax year from self-employment and property. We assess your gross income (also called your turnover) before you deduct expenses.
Making Tax Digital – Working out your qualifying income Read More »
The main changes are as follows:
Removal of Lower Earnings Limit: Currently, employees must earn at least a certain amount (the Lower Earnings Limit – currently £123 per week) to qualify for SSP. This threshold will be removed, meaning that those previously excluded due to low earnings will now be eligible.
The Uk’s Statutory Sick Pay (SSP) rules are changing from April 2026 Read More »
From April 2026 Businesses and Landlords with qualifying income will have to…
Small businesses that trade locally are often looking for tax deductible costs and if this can be combined with promoting their business, it’s a double benefit. If you have an interest in sport or have children who play sport, then maybe sponsorship is an option to consider.
With the increase in house prices, it is becoming increasingly common for parents to think about signing over property to their children. As a homeowner you are entitled the give your property to your kids, even if you live in it, but you should be aware of the tax consequences of doing so.
A company can apply to the registrar to be struck off the register and dissolved.
Late filing penalties were introduced to encourage directors of companies to file their accounts and reports on time, because this information is required for the public record.
Limited Company Accounts; Late filing penalties explained Read More »
Inheritance tax is the tax that arises on the estate of a person when they die. The tax, once calculated, is payable by the estate of the deceased, and not by the recipients of the estate. So, any tax due would be settled from the funds of the estate, normally by the executor appointed in the will of the deceased.
