by AJN Accountants | Feb 7, 2025 | Pensions
The amount of State Pension you, your family, and your employees will receive in the future is directly linked to the National Insurance Contributions (NICs) made throughout their working lives. The amount of State Pension you, your family, and your employees will...
by AJN Accountants | Jan 20, 2025 | Business
The sunset clause which was set to end the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) scheme on 5 April 2025 has been extended for a further ten years. The schemes, which offer tax relief for individuals investing in qualifying small and...
by AJN Accountants | Jan 9, 2025 | News
As announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025. Age of WorkerHourly rate from 1st April 2025Hourly rate from 1st April 202421 and over (NLW)£12.21£11.4418 to 20...
by AJN Accountants | Dec 23, 2024 | Advice
HMRC has tightened up the process for claiming tax deductible employment expenses following a series of high-profile scandals. If you incur job-related expenses of up to £2,500 which are not fully reimbursed by your employer you may be able to claim tax relief. For...
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...
