Running a business

Recently added Tips & Advice

MACHINERY GUARDS - 01.07.2024

Pizza maker fined after workers caught up in machinery

One of the nation’s largest producers of supermarket pizzas has been fined £800,000 after two workers suffered serious injuries at its factory in Bolton. What were the failures and how can you prevent injuries when working with machinery?
Read more

DATA PROTECTION - 01.07.2024

Police data breach put staff in danger

Data protection compliance can feel like an unnecessary administrative burden, diverting resources away from real work. A recent data breach by a police force reminds data processors of the potential damage a breach can cause. What information was leaked and what were the consequences?
Read more

CARS - 01.07.2024

Reduce company car tax with capital contribution

It’s time to replace your company car. A friend says that if you make a personal contribution to the cost it will be more tax efficient. The trouble is, you don’t have the cash for this. Is there still a way to achieve the tax saving?
Read more

CARS - 12.06.2024

Latest advisory fuel rates

New rates. HMRC has published its latest advisory fuel rates (AFRs) for the quarter commencing 1 June 2024. You can continue using the old rates until 30 June 2024 if you wish. The table below shows the old rates in brackets. Employee reimburses employer. If you pay for fuel that employees use for private journeys in a company car or van and the employee reimburses you at the appropriate AFR, the car/van fuel benefit in kind won’t apply. Employer reimburses employee...
Read more

CHEMICAL SAFETY - 03.06.2024

Know your hazard and precautionary statements

All substances are supplied with a label and a safety data sheet (SDS) which gives you information about the properties of the chemical. But what is a hazard or precautionary statement, what information is provided and how should you use this?
Read more

COMPANY LAW - 03.06.2024

Banned director defrauded investor of pension pot

A bankrupt businessman continued to run various companies, contrary to his bankruptcy restrictions. He used his ostensibly trustworthy role as a director to take advantage of investors, including depriving one man of his hard-earned pension pot. What happened to this dodgy director?
Read more
Running a business

Most read Tips & Advice

VAT - 01.05.2024

Leasing cars - what are the VAT pros and cons?

You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be entitled to. Are they correct?
Read more

CARS - 17.05.2024

Reduce company car tax with capital contribution

It’s time to replace your company car. A friend says that if you make a personal contribution to the cost it will be more tax efficient. The trouble is, you don’t have the cash for this. Is there still a way to achieve the tax saving?
Read more

CARS - 12.06.2024

Latest advisory fuel rates

New rates. HMRC has published its latest advisory fuel rates (AFRs) for the quarter commencing 1 June 2024. You can continue using the old rates until 30 June 2024 if you wish. The table below shows the old rates in brackets. Employee reimburses employer. If you pay for fuel that employees use for private journeys in a company car or van and the employee reimburses you at the appropriate AFR, the car/van fuel benefit in kind won’t apply. Employer reimburses employee...
Read more

See my Tips & Advice in ...


Enjoy full access to my Tips & Advice

Download the App

Cookie policy