The new Chancellor Jeremy Hunt has reversed most of his predecessor’s tax plans, including many that would have benefited businesses. Mr Hunt replaced Kwasi Kwarteng after weeks of market turmoil, following the former Chancellor’s now infamous mini budget. ...
Limited company contractors welcomed the government’s decision to repeal controversial off-payroll working (IR35) reforms as part of the Chancellor’s mini budget earlier this month. The change means that from April 2023, contractors can once again make determinations...
New research shows that 47% of UK adults are thinking about taking on a second job. The survey evidence from Comparethemarket.com suggests that people are looking for an additional source of income to help them cope with the rising cost of living. The trend...
We take a look at trivial benefits and how they affect limited company directors. A good way to explain trivial benefits is to think of them as small one-off gifts that are given to staff. As well as brightening your employee’s day, the gifts are allowable expenses...
We’ve put together this handy guide to explain what tax relief you can receive when you gift employees, clients and charities this festive season. You may want to thank your employees for their hard work, throw a virtual staff party or give a gift to a client. It’s...
