by AJN Accountants | Nov 21, 2022 | Advice, Business, Financial Planning, Tax Planning
Several investment schemes provide a basket of tax reliefs to individuals who are prepared to risk their money by subscribing for new shares in small trading companies. Two such schemes are the Enterprise Investment Scheme (EIS) and the similar Seed Enterprise...
by AJN Accountants | Nov 18, 2022 | Accounting, Advice, Financial Planning, Tax Planning
In last week’s Budget the Chancellor stunned his audience by announcing that both the basic rate of tax and the highest ‘additional’ rate would be reduced from 6 April 2023. Around 50% of taxpayers only pay tax at the basic rate and they will benefit...
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 | 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....
by AJN Accountants | Sep 12, 2022 | Advice, Business
There are now almost 10 million people who work from home and can benefit from the tax-free allowance of £6 per week (£26 per month) which their employer may choose to pay. Employers can reimburse larger amounts to home-based employees if the employees can prove that...
