The benefits of benchmarking financial results
Benchmarking financial results involves comparing a business’s financial performance against industry standards or competitors. This...
Tell HMRC about unpaid tax on cryptoassets
Where cryptoasset tokens (also known as cryptocurrency) are held personally, this investment is usually undertaken...
Taxation of entertainment expenses
Many business gifts and hospitality costs are not tax-deductible under current rules.
Entertainment expenses including providing...
Taxation of double cab pick-ups
The tax treatment of double cab pick-up vehicles (DCPUs) has been clarified as part of...
Taxable company benefits
As an employee, you pay tax on certain company benefits, such as cars, accommodation, and...
Taxable benefits for use of company car
The tax you pay on the use of a company car depends largely on its...
Taxable & tax-free state benefits
While there are many state benefits available, it is not always clear which of these...
Tax-free redundancy payments
If redundancy strikes, you could receive up to £30,000 tax-free. Whether it’s statutory or a...
Tax-free income from letting a room in your home
Homeowners can earn up to £7,500 tax-free under the rent-a-room scheme, with simple reporting and...
Tax-exempt employee loans
Beneficial loans, where employees benefit from cheap or interest-free loans from their employer, can trigger...
Tax write-offs for an electric car with zero emissions
Buying a zero-emission electric car through your limited company could mean 100% tax relief in...
Tax when transferring assets during divorce proceedings
Separation and divorce can create tax implications, particularly Capital Gains Tax (CGT) on asset transfers...
Tax treatment of income after cessation
After a business closes, income can still arise. Post-cessation receipts must be properly reported and...
Tax rules for savings interest
You could earn up to £18,570 in tax-free savings interest in 2025-26, thanks to the...
Tax returns for a deceased taxpayer
You may need to submit tax returns for someone who has died. As the personal...
Tax return for deceased person
Inheritance Tax (IHT) impacts estates over £325,000, with rates of 40% on death and 20%...
Tax relief if required to work from home
If employees must work from home and their employer does not reimburse certain costs, they...
Tax relief for zero emission cars and electric charge points
Great news for businesses! Tax relief on zero-emission cars and EV charge points has been...