by AJN Accountants | Oct 26, 2022 | Accounting, Advice, Business, Tax Planning
Many employers will advance modest loans to employees to meet upfront costs which they necessarily incur to enable them to work, such as a travel season ticket or a deposit for childcare costs. Such loans can also be provided to help towards other unexpected costs...
by AJN Accountants | Oct 20, 2022 | Advice, Contractors, Small Businesses, Tax Planning
Travelling to the workplace may now be unaffordable for some employees but employers who help by reimbursing travel expenses could be creating an extra tax burden for themselves and their employees. The journey between an employee’s home and their permanent...
by AJN Accountants | Oct 4, 2022 | Tax Planning
Last year the Chancellor Rishi Sunak proposed increasing corporation tax rates such that companies with annual profits of over £250,000 would pay tax at 25%. Those with annual profits of less than £50,000 would continue to pay tax at 19% but a marginal tax rate of...
by AJN Accountants | Sep 30, 2022 | Property, Tax Planning
In 2020 HMRC introduced a new system for paying capital gains tax (CGT) due from selling residential property in the UK, but many solicitors and estate agents are still unaware of the new requirements. You need to report to HMRC your gain from selling a home on: · the...
by AJN Accountants | Sep 19, 2022 | Accounting, Advice, Tax Planning
Many self-employed people will find January 2023 a tough month as it is predicted that domestic fuel bills will increase again and income tax payments will be due. If you are worried that you will struggle to pay your tax bill there are two things you can do to help....
