Rewarding your team. New Year, New Tax Breaks

HMRC have made things easier, which is a welcome change. Previously, rewarding your employees for a birthday or wedding could have tricky tax consequences, involving reporting benefits on P11D’s or the company arranging Payment Settlement Agreements with HMRC. The new rules on trivial benefits have made some welcome changes to allow employers to treat their employees, which […]

Chris DowningDirector, Inspire Professional Services Ltd

To incorporate or not to incorporate, that is the question! More frequently it seems….

With online incorporations and filings, incorporating a business is becoming easier and easier. Conversely, with the constantly changing dividend rules coming into effect, the gap between limited companies and sole traders/ partnership is closing significantly. Due to these changes, whether or not small businesses or partnerships should trade via a limited company is a question […]

Rewarding your team. New Year, New Tax Breaks

HMRC have made things easier, which is a welcome change. Previously, rewarding your employees for a birthday or wedding could have tricky tax consequences, involving reporting benefits on P11D’s or the company arranging Payment Settlement Agreements with HMRC. The new rules on trivial benefits have made some welcome changes to allow employers to treat their employees, which […]

Rewarding your team. New Year, New Tax Breaks

HMRC have made things easier, which is a welcome change. Previously, rewarding your employees for a birthday or wedding could have tricky tax consequences, involving reporting benefits on P11D’s or the company arranging Payment Settlement Agreements with HMRC. The new rules on trivial benefits have made some welcome changes to allow employers to treat their employees, which […]