by Paul Whyatt | Feb 24, 2020 | Personal Tax
As we approach the end of the 2019/20 tax year, a reminder that couples may be eligible for the Marriage Allowance. The Marriage Allowance lets one partner transfer 10% of their Personal Allowance (currently £1,250) to their husband, wife or civil partner if they earn...
by Paul Whyatt | Feb 18, 2020 | News, Other Insights
Pensions scams can be devastating. Last year the average victim lost £82,000. For some, that’s their entire lifesavings. They can happen to anyone. Research shows up to five million savers are in danger of falling for one of the most common scam tactics. To help...
by Paul Whyatt | Feb 13, 2020 | Business Advice, News, Taxation
The UK left the EU on 31 January 2020. There is now a transition period until 31 December 2020. During this period, the current rules on trade, travel and business for the UK and EU will be unchanged. New rules will take effect on 1 January 2021. The...
by Paul Whyatt | Feb 11, 2020 | Business Advice, Personal Tax, Taxation
The tax and NI exemption for “trivial benefits” has been around for more than three years. Despite this, it’s often overlooked as a tax-efficient way of treating your employees or yourself. What is a trivial benefit? It’s a gift made by your business...
by Paul Whyatt | Feb 10, 2020 | News, Personal Tax, Taxation
With the 6 April deadline for the new off-payroll rules (IR35) fast approaching, HMRC has produced a factsheet for those working through intermediaries. Are you affected by the new rules? If you provide your services to a client through an intermediary (e.g. your own...
