Latest News

Have a Tax Free Christmas Party

It’s Party Time…. Everyone loves a Christmas Party but I am sure your employees would prefer it to be tax free, so lets have a quick recap on the rules. HMRC have an Exemption (not an allowance) of £150. Available to employees generally or; Available to employees generally at one location, where the employer has more…

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HMRC Rules on Christmas Gifts

An employer may provide employees with a seasonal gift, such as a turkey, an ordinary bottle of wine or a box of chocolates at Christmas. All of these gifts can be treated as trivial benefits. For an employer with a large number of employees the total cost of providing a gift to each employee may…

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What is the Foster Care Allowance?

All Foster Carers are classed as Self Employed and can choose whether to be taxed using one of two methods – the Simplified or Profit methods. Simplified Method This is the most common method. Your ‘qualifying amount’ for a tax year consists of two parts Your Annual Fixed Amount per household of £10,000 Plus your Weekly/Part…

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20 Ways to Improve Your Cash Flow

Cash is vital to you and your business, lack of cash kills businesses. So how can you improve cash flow: Prepare a detailed cash flow forecast, schedule your direct debits and standing orders, knowing how much cash you need and when will help you focus on where the cash will come from Invoice your clients…

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Charity Events

If your charity or Community Amateur Sports Club (CASC) sells tickets to an event it has organised, for example a dinner or a concert, the payment for tickets does not qualify for Gift Aid. To qualify for Gift Aid a payment must be a voluntary donation to your charity or CASC and must not be…

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