by Paul Whyatt | Nov 3, 2022 | Business Advice, Business Tax, Taxation
As an employer you’ll soon need to implement the new NI rates. What actions should you take to ensure that your payroll software can cope? The 6 November is the date on which the new reduced NI rates apply. However, the new rates only apply when you run your payroll...
by Paul Whyatt | Oct 10, 2022 | Business Advice, Business Tax, Personal Tax, Taxation
Many employers will advance modest loans to employees to meet upfront costs which they necessarily incur to enable them to work, such as the cost of a travel season ticket or a deposit for childcare costs. Such loans can also be provided to help towards other...
by Paul Whyatt | Apr 1, 2022 | Business Advice, VAT
Contract termination fees can be a bitter pill to swallow when you just want out of an expensive agreement. What’s worse is that some suppliers will charge VAT on top of the cancellation fee, while others will not. The law has been a bit of a mess, but HMRC has...
by Paul Whyatt | Mar 9, 2022 | Business Advice, News, Other Insights
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities. Hospitality, leisure and accommodation businesses can still apply for one-off cash grants of up to £6,000 through the Omicron Hospitality and Leisure...
by Paul Whyatt | Mar 9, 2022 | Business Advice, Business Start-up, Business Tax
Each year, the government reviews the level of earnings at which employers must include their employees in statutory pension schemes. So, what’s the plan for tax year 2022/23? All employers have to comply with auto-enrolment if they have any employees who meet the...
by Paul Whyatt | Mar 8, 2022 | Business Advice, Business Tax, Taxation
The current fuel crisis will no doubt encourage many people to consider buying an electric car. Drivers of company-owned electric vehicles will find it particularly rewarding as the taxable benefit for using an electric company car is currently just 1% of its list...
