Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Tax-free help with childcare costs
Tax-free help with childcare costs Childcare costs can be very expensive and any help is welcomed, particularly where you can benefit from that help tax-free. There are various routes by which this is possible. Government tax-free top-up scheme ...
Amend your PSA for Covid-19 related benefits
Amend your PSA for Covid-19 related benefits A PAYE Settlement Agreement (PSA) enables an employer to meet the tax on certain benefits and expenses on the employee’s behalf. This can be useful to preserve the goodwill nature of a benefit. Not all benefits ar...
Do you know about this tax exemption for business trips?
Incidental overnight expenses A tax exemption enables an employer to meet small personal expenses when an employee stays away from home for work, without the employee suffering a tax charge and without any need to report the expenses to HMRC. What are incident...
Entertaining expenses are complicated, make sure you know the facts!
Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood. The fact that the expenditure is incurred for business purposes does not...
Did you know you can claim tax relief for your start up costs?
Claim a tax deduction for pre-trading expenses Setting up a new business is exciting time, but can also be a very costly time. It requires a lot of investment in regards to your time and money before you can start to reap any of the rewards. So it is very important that yo...
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