News

Labour win landslide election result

As had been widely predicted, the results at the polls have seen the Labour Party...

Exit plans

Exit can be seen as quitting, especially if the exit discussed is your business interests. But...

New government

Our new government, and in particular, Rachel Reeves, the new Chancellor, will be responsible for...

Statutory redundancy pay

If you have been in the same job for two years or more and are...

Claim full expensing or 50% FYA

Full expensing allows for a 100% first-year capital allowance for qualifying plant and machinery assets...

Late night taxi for an employee

There is no specific requirement for employers to provide employees with transport home. Nevertheless, an...

Income Tax in Scotland

The Scottish rate of income tax (SRIT) is payable on the non-savings and non-dividend income...

What your tax code means

The letters in your tax code signify your entitlement (or not) to the annual tax...

CGT Incorporation Relief

Where a taxpayer owns a business as a sole trader or in partnership, a capital...

Extracting profits from a small, limited company

It is pretty much universally accepted that shareholders (usually directors) of small companies take out...

Translation

If you receive documents from overseas customers or suppliers and you need to translate text...

Tax Diary August/September 2024

1 August 2024 - Due date for corporation tax due for the year ended 31...