The tax treatment of work Christmas parties Limited companies can often claim the cost of staff Christmas parties as an allowable expense. That means you can celebrate with your employees and minimise your corporation tax bill all at once. Also, some functions may be...
The ABCs of VAT for small business Value Added Tax (VAT) is a significant part of the UK tax system. If you run a VAT-registered business, you’re required to charge this tax on most goods and services, which you must then report and pay to HMRC. Basically, you are...
Autumn Budget roundup A Budget full of tricks rather than treats – Here’s our Autumn Budget roundup Rachel Reeves announced a range of fiscal adjustments in the Autumn Budget. Focusing on employer contributions and personal tax thresholds to sustain...
Deciding to become an employer is a significant milestone for any business. It marks a phase of growth and the need for additional support. In this post, we will explain what becoming an employer entails, the steps required, the key considerations, and the changes...
Understanding R&D tax credits Research and development (R&D) tax credits are a crucial incentive designed to encourage businesses to innovate and invest in new technologies, processes and products. Yet, despite their significance, many businesses either aren’t...
