EXPENSES - 21.10.2020
The tax-free benefits of business travel
Handling your employees’ travel expenses claims is time consuming and the tax and NI requirements can be tricky. The good news is that the process can be simplified by paying flat rate tax-exempt allowances. What are they?
IR35 - 19.10.2020
HMRC updates IR35 guidance ready for 2021
IR35 changes recap. From 6 April 2021 if your business is medium-sized or large and uses the services of a person who provides them through an intermediary, e.g. a company or partnership, you (and not the worker) must decide whether the IR35 rules apply. HMRC has made changes to the guidance in its Employment Status Manual (see The next step ) to help businesses that may be affected by the new rules, whether as a supplier or recipient of services. These include: ...
NATIONAL INSURANCE - 19.10.2020
Are you too late to claim an NI refund?
For some years you’ve simultaneously been an employee or director of a few companies. You’ve paid NI contributions on your earnings from each and you think you might have paid too much. Are you too late to claim a refund?
PAYE - 19.10.2020
When should you account for PAYE on your salary or bonus?
After reducing your salary because of poor cash flow over the summer months the plan is to top up your pay with a bonus. It won’t be paid until after the end of the company’s current financial year, but when must you account for the PAYE?
EMPLOYMENT STATUS - 15.10.2020
Off-payroll working, here we go again
One of the casualties of COVID-19 was the government’s plan to roll out the off-payroll working reforms to the private sector, but it was merely a delay to April 2021. So what do you need to know and how should you prepare?
STUDENT LOANS - 15.10.2020
Another student loan plan type
From April 2021 Plan 4 student loans will be introduced affecting 500,000 Scottish borrowers who will see the loan earnings threshold rise to £25,000. What do you need to do now to prepare for their introduction?