by Paul Whyatt | Jul 8, 2022 | Business Tax, Other Insights, Personal Tax
In uncertain times people instinctively look for alternative ways to invest and some may have chosen cryptoassets such as Bitcoin and non-fungible tokens. If you have decided to go digital with your investments, think about how the profit or loss you make on these...
by Paul Whyatt | Jul 5, 2022 | Business Tax, Personal Tax, Taxation
The rates for national insurance contributions (NIC) increased by 1.25 percentage points for everyone on 6 April 2022. From 6 July, the NIC starting threshold will rise to £12,570 per year (£1,048 per month) for employees. This means that some lower paid employees...
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...
by Paul Whyatt | Feb 23, 2022 | Business Advice, Business Tax, Taxation
The Statutory Sick Pay Rebate Scheme will close on 17 March 2022. Employers have until 24 March 2022 to submit any new claims for absence periods up to 17 March 2022, or to amend claims they have already submitted. Employers will no longer be...
