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.
From April 2025, the present tax breaks enjoyed by owners of Furnished Holiday Lets (FHLs) will cease and FHL income and gains will be taxed in the same way as other property businesses. Currently, FHL owners benefit from tax advantages, as compared to non FHL owners,...
The following notes are taken from draft legislation published by HMRC, to be included in the Finance Bill 2024-25. As of 1 January 2025, all education services and vocational training supplied by a private school, or a “connected person”, for a charge will be subject...
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...