Trivial benefits are small gifts or perks given to employees that are exempt from tax and benefit reporting obligations. But bosses must adhere to certain conditions, such as a cost limit of £50 per employee – or the average cost per employee if provided to a group of employees. Additionally, the benefit cannot be cash…
Read more
Death and taxes
Death and taxes are certainties of life, according to Benjamin Franklin, and if you are in business, you should be aware which taxes you are liable to pay. Our mantra is - by understanding the taxes that your business is required to pay - you can plan and budget accordingly. No surprises… There are several…
Read more
What to expect in the coming year
It will not have escaped your attention that Prime Minister Sunak will need to call a general election at sometime during 2024. The very latest election date that can be held is 28 January 2025. If results follow the polls, we are likely to see the Labour Party in charge once more. New brooms Politics…
Read more
Companies House is flexing its muscles
As we have reported previously, one of the key aims of the Economic Crime and Corporate Transparency Act is to improve the accuracy and quality of the data on Companies House registers. Under the new legislation, Companies House has enhanced powers to query information that appears to be incorrect or inconsistent with information held. It…
Read more