Tax - Income tax

Recently added Tips & Advice

EXPENSES - 08.07.2024

Benchmark subsistence rates - are they worth it?

As an employer you don’t want to waste valuable time on avoidable admin tasks such as processing scores of expenses claims for employees’ subsistence claims. Might benchmark rates be a viable alternative?
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Tax and NI planning for multiple directorships

You’re a shareholder and director of three companies. You currently take a low salary from each company topped up with dividends. But is this really the most tax-efficient option?
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PROPERTY - 08.07.2024

Improvement and finance losses and how to claim them

You’re making substantial repairs and improvements to your buy-to-let property. You’ve borrowed from the bank to finance the repairs and these loans will wipe out the profit for a few years. What tax relief are you entitled to and how can you claim it?
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Help with childcare for working parents

As a working parent you probably struggle to balance the needs of your job with those of your children, especially during the long summer holiday. This also poses a problem for employers. How can government childcare schemes help?
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CHILD BENEFIT - 08.07.2024

Extend your child benefit claim

Letters from HMRC. In July HMRC is writing to nearly 1.5 million parents reminding them that child benefit will automatically stop on 31 August for any of their children who have reached 16 by that date. However, the benefit can be extended if your child continues in full-time education where you renew your claim. The easiest way to do this is on the GOV.UK site or through HMRC’s app, which can be downloaded for Android and Apple devices. Alternatively, you can renew your claim by writing to or phoning HMRC (see The next step ). ...
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PAYE - 08.07.2024

Why your tax code is now more important than ever

The amount of tax you pay on your salary depends on your tax code. If it’s wrong you’ll pay too much or too little. For many this can be a temporary issue, for others it can be permanent. What’s the problem and what can you do about it?
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Tax - Income tax

Most read Tips & Advice


No more CIS tax refunds

It pays not to talk. HMRC seems hell bent on ditching access to its services by phone. In the last couple of years contacting HMRC by phone for most tax issues has been increasingly limited. The latest victims of the HMRC cutbacks are companies who want to claim a refund of deductions made under the construction industry scheme (CIS). ...
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TRAVEL - 30.04.2024

The latest on home-to-work travel

HMRC has changed its guidance on home-to-work travel costs where an employee’s home is their workplace. How might this affect your right to tax relief?
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Can dividends ever be paid from loss-making company?

Dividends are generally the most tax-efficient form of income you can take from your company but they can only be paid out of profits. Despite this, might there be a way for your loss-making company to pay you a dividend?
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