Robert’s Blog
Work-Related Expenses – Claiming Tax Relief
Many employees incur expenses in undertaking their job, i.e. work-related expenses. However, the rules that govern tax relief for employment expenses are notoriously strict. Where the conditions are met, you can claim relief in various ways. Key dates You must make...
Making Good On Fuel Benefit Charge
A fuel benefit tax charge arises where you, as the employer, meet the cost of fuel for private journeys in a company car. However, this charge can be avoided by your employee ‘making good’ the cost of fuel for private motoring. Key dates To eliminate the fuel benefit...
Employer Deadlines: Pay, Deductions, Taxable Expenses and Benefits
P60, P11D and P11D(b) After the end of the tax year, employers need to provide certain information to employees and to HMRC as regards both pay and deductions and taxable expenses and benefits. Key dates Employees must be given their P60 for 2022/23 by 31 May 2023....
Gift Aid
Carrying back relief The Gift Aid scheme allows the charity to reclaim 25p for every £1 that you donate. In addition, you are able benefit from tax relief on your donation at your marginal rate of tax. You can opt to carry back relief on donations made in the current...
Simple Assessment: Avoid Paying Your Taxes Twice
In the world of taxes, HMRC's Simple Assessment can be a blessing for those with straightforward tax affairs. However, a recent shift in their distribution method has created some confusion. Key Points: A Simple Assessment is a tax bill issued by HMRC, primarily...
Tax and Business Planning Road Map For Tax-Planning Tips
Plan Your Finances, Whatever Your Situation! Tax planning and business management in the current economic climate are complex and challenging, however, with the right resources, you can make informed decisions and optimise your financial position. Our comprehensive...
Advisory-Led Bookkeeping – Unlock the Benefits
Advisory-led bookkeeping can help you thrive! Bookkeeping is essential for businesses, but what if we could offer you more than just tracking and recording financial transactions? Advisory-led bookkeeping combines traditional bookkeeping services with advisory...
Financial Challenges On The Road Ahead
Managing the Financial Challenges of 2023-24: Strategies for Businesses and Individuals to Plan and Manage Their Finances The year 2023-24 poses significant financial challenges to both businesses and individuals, with the rise in energy bills, high inflation,...
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