by AJN Accountants | Dec 1, 2023 | Advice, News, Tax Planning
HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation. Until now, the guidance in the Employment Income Manual (EIM23900) has contradicted the legislation in advising that if an...
by AJN Accountants | Nov 29, 2023 | Advice, Business, Tax Planning
The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.The headline news from the Autumn Statement was the reduction of primary Class 1 and Class 4 NIC and the removal of compulsory Class 2 NIC. The main rate of...
by AJN Accountants | Nov 13, 2023 | Advice, News
New fathers who are employees will benefit from greater flexibility when taking paternity leave from the start of the new tax year. Under current rules, new fathers who meet the eligibility criteria can take either one week or two consecutive weeks of paternity leave,...
by AJN Accountants | Oct 25, 2023 | Advice, Business, Tax Planning
A family investment company (FIC) is a company set up specifically for investment purposes rather than trade. The corporate entity is set up as a normal company and is limited by shares. Property, cash and equity often make up the investments held within an FIC. A...
by AJN Accountants | Aug 10, 2023 | Advice, Business, FAQs, News, Small Businesses
As we approach the summer holidays, it is not unusual for business owners to receive requests from friends/family for their children conducted a summer placement. In such a scenario it is important to carefully consider the below factors before accepting any children...
by AJN Accountants | Jul 25, 2023 | Accounting, Advice, FAQs, Financial Planning, Pensions, Property, Tax Planning
Student loan repayments (SLR) are normally deducted under PAYE from employment income so many people incorrectly assume that SLR are not due on other ‘unearned income’ such as rent or pensions. SLR will in fact be payable where the unearned...
