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...
We’ve put together this handy guide to explain the different rules and responsibilities around running your own business, so you understand which route is best for you. When to make the decision? A lot of entrepreneurs continue to be employed at a PAYE job whilst...
What is a VAT return? As a VAT-registered business, you’re responsible for collecting VAT on your sales and paying it across to HMRC. If you use the Standard Rate scheme, you’re able to reclaim the VAT you pay on your allowable business expenses. With the Standard...
VAT or Value Added Tax is a tax that’s applied to most goods or services. It’s paid by businesses and individuals, but not every business needs to charge VAT. VAT is collected on sales invoices and paid on purchase invoices with the net amount collected being paid...
Now more than ever, future planning is a vital part of a successful business. Knowing where you want to be in the future will help with decisions today and give you motivation on the hard days. You wouldn’t start a journey without knowing which direction to follow;...
