Practical Guides

Practical guide: does entertainment need reporting on your P11D?

Business Tax

Your firm occasionally provides entertainment to employees. The HR department want advice to ensure they correctly report anything that is taxable, and to take advantage of any exemptions to minimise the liability. What should they know?

25.04.2023

Practical guide: Is incorporation still worthwhile?

Business Tax, Personal Tax

Following months of uncertainty, the Autumn Statement finally clarified what changes affecting small company owners’ profit extraction would be retained. What were the key points, and is incorporation still worthwhile for growing businesses?

29.03.2023

Practical guide: are shares an alternative to paying cash bonuses?

Business Tax, Personal Tax

ABC Limited is a company that usually pays an annual cash bonus to its key employees. However, the CEO has asked whether using share-based remuneration would be better given the current economic outlook. What are the tax implications?

27.02.2023

Practical guide: VAT savings with a margin scheme

VAT

Your business might make big profits from selling second-hand goods online. If you account for VAT on the full selling price, are you aware that you could save tax by using a margin scheme instead?

26.01.2023

Practical guide: CGT advice for separating couples

Personal Tax

Mr and Mrs A are married, but separated amicably in January 2022. How might forthcoming changes in the capital gains tax rules for separating couples help them here?

22.12.2022

Practical guide: getting ready for the new VAT penalty system

VAT

Your business might have fallen foul of the VAT surcharge regime previously. It’s being replaced with a completely new penalty regime from January 2023. What will this mean for your business and what are the pitfalls to avoid?

25.11.2022