As this year comes to a close, it’s the perfect time to reflect on what 2024 has meant for you and to set your sights on what you want to achieve in the coming year. As your accountant, we are serious about you and your ambitions. We love working with and alongside you to ensure […]
Author Archives: Priya Raja-Motala
Employee Benefits, HM Revenue & Customs, P11d, Personal Tax, Tax Advice
Benefits your employees actually want
03
Dec
Dec
Good employers have been offering workplace benefits for a long time. There are many reasons for doing so, with one of the main ones being that a strong employee benefits package attracts the right talent. However, how can you determine which benefits your employees actually want? You might not have considered how providing benefits to […]
20
Nov
Nov
A recent publication from HM Revenue and Customs (HMRC) and extensive discussion in the tax and property press have again brought tax avoidance schemes into the spotlight. As a taxpayer, it’s important to be aware of the whole picture when it comes to of tax avoidance schemes. You also need to know what to do […]
13
Nov
Nov
The dust has settled on the Budget, but it has raised many questions. If you’ve been following the news, you may have noticed some significant changes to the Inheritance Tax (IHT) regime. Not too long ago, we discussed the possibility of abolishing IHT altogether under the previous government. However, the current situation is quite different—it’s […]
Business Tips, Employee Benefits, National Insurance
An increase in costs and responsibilities for the employer
06
Nov
Nov
October has been a significant month of news for employers. First, the long-awaited Employment Rights Bill was published on 10th October, and then the announcements were made in the Budget last week. You can’t have missed it, the rise in Employer’s National Insurance (NIC). From next year, an increase in costs and responsibilities for the employer […]
Business Tips, capital gains tax, HM Revenue & Customs, Personal Tax, Tax Tips
Further details of the Budget
31
Oct
Oct
Yesterday, we received the first Labour Budget in fourteen years, which was significant! It included substantial tax increases. There is a lot to consider, so we can begin by examining the details of the Budget. However, before we jump to the nitty gritty, here’s a summary of how the Budget affects you depending on who […]
23
Oct
Oct
As experienced accountants, we are accustomed to frequent changes from HM Revenue & Customs, but changes from Companies House are less common. However, there are proposed amendments to the Companies Act 2006 that will introduce identification verifications at Companies House. We are expecting more changes down the line as well so watch this space. A […]
HM Revenue & Customs, Landlords, Tax Advice, Tax Planning, Tax Tips
Want to change how the income is split for a jointly owned property?
16
Oct
Oct
Normally, when you own a property jointly, the profits subject to tax are split in proportion to your legal ownership. A jointly owned property is split 50/50. However, what if you want to change how the income is split for a jointly owned property? You can do this if you live with your spouse or a […]
09
Oct
Oct
Many people delay creating or updating their Wills. We are unsure why, but we mortals do not like discussing our own mortality. We encounter this situation often. But maybe now is the time to make a new will or review an old one. It’s really important that you review your Will regularly because certain personal circumstances […]
Accounting Tips, Business Tips, HM Revenue & Customs
Chancellor wants businesses to move to “e-invoicing”
01
Oct
Oct
The government has unveiled a proposal to expand electronic invoicing across the UK and hinted at a forthcoming ‘Digital Transformation Roadmap’ for HM Revenue & Customs (HMRC). However, the details about both plans are currently limited. The chancellor wants businesses to move to “e-invoicing” as part of the process. In her first speech as Chancellor […]