Having a company car used to be seen as a considerable perk. But in recent years it’s become less clear whether having a conventionally powered company car as part of your income mix is a good idea – both from a tax perspective and from a sustainability angle. The good news is that electric vehicles…
Tax Free Christmas Presents! How you can buy your family gifts using your Limited Company Trivial Benefits Annual Allowance. HMRC allows your company to buy tax free Christmas presents or any gifts for employees (including directors) or direct family members (living in same household) up to value of £50 each as long as following applies;…
Can an employee take Holiday whilst on Furlough?, this is a common question we have seen being asked, so we thought it would be good to do a quick update on the subject. The short answer is, yes, holiday can be taken and be forced to be taken whilst on Furlough. Click here for full…
Electric cars are now only a 1% benefit in kind for the tax year 2021/22! For personal electric cars provided to employees the benefit in kind rate for the employee is only 1% of the list price! ? Meaning for a £30,000 vehicle employees will pay tax on a benefit of only £300. For basic…
I recently went to a Networking evening and was asked why do you choose Xero? I explained Xero is a great product on its own, has great time-saving features and is the most user friendly of all the cloud products (in my opinion), but the real power lies in the numerous Apps that connect with…
A client came to us who was very stressed about the running of their business. They were spending hours on the administration and bookkeeping side, it was causing them undue stress and they had no free time. The business had a manual record keeping system, a combination of excel, paper invoicing, manual debtors system, manual…