Working with the right accountancy company is critical for your business’s success. Whether you are a sole trader, partnership, small limited company or even a more significant enterprise with a staff team, you need a personalised accountancy package that allows you time to focus elsewhere.
If you provide free accommodation to employees the deemed benefit is taxable, and you will have to pay Class 1A NIC based on the value of the benefit provided. What’s exempt? You will not have to report the cost to HMRC if any of the following apply: If it is domestic...
Most small companies are set up with a number of Ordinary shares, let’s say 100 shares in this example. If there are two equal shareholders, John and Mary, they would each receive 50 shares. In most cases, the rights of the ordinary shares – in this 50:50 example -...
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...