Get Ready For Gifting This Christmas!

Get Ready For Gifting This Christmas!

As we enter the Christmas season, are you considering generous gifts for your loved ones? If so, we take a look at the implications for Inheritance Tax. With an eye to 2020, we’re also only weeks away from the deadline for filing your Tax Return. Gifts &... read more
Private Residence Relief Changes

Private Residence Relief Changes

Did you know that when you rent out all or part of your home a Capital Gains Tax (CGT) charge may apply when you sell the property? Currently, HMRC exclude the last 18 months of your ownership – even if the property is let for this time – when assessing any CGT... read more
Employing students over the Christmas break?

Employing students over the Christmas break?

If you employ students to help balance your staffing needs over the Christmas holidays, you will need to include them in your payroll and account for the usual PAYE and NIC rules. Students should also be made aware that they will pay tax and NIC if: They earn more... read more
How to make the most of trivial benefits

How to make the most of trivial benefits

Are you taking advantage of the so-called Trivial Benefits rules? You may not be aware, but it’s possible to make small tax-free gifts and entertainment to employees, including directors. Here are the rules: The benefit must cost you less than £50 to provideIt can’t... read more