The festive season often sees an increase in activity for many businesses which may mean you need more hands on deck and seasonal work cover. Your first thought may be to take on more staff, perhaps on a fixed term or casual basis, but in some cases you can increase productivity by offering your existing … Continue reading How to Deal With Seasonal Work Cover
Like many employers, you probably like to treat your employees at this time of year by providing a Christmas Party, but to avoid any tax or VAT implications, you should make yourself aware of the rules. Entertainment for your employees is tax-free, providing it is available to all your staff, it’s an annual event and … Continue reading Is My Christmas Party Tax Deductible?
Christmas is all about giving, so you might like to take the opportunity of giving a gift to your employees or your customers. In many cases, however, gifts are not tax-free. A Christmas Bonus to staff members is treated as additional pay for tax purposes and will attract Income Tax and National Insurance under PAYE. … Continue reading Can I Give My Employee a Tax Free Gift?
There are three major changes on the horizon which will affect the sale of residential properties. The changes are: Replacement of lettings relief with lodgers relief Reduction of the final exempt period Reporting capital gain All of the changes come into effect from 6 April 2020. It is important to bear in mind that the … Continue reading Property Tax: Tax on the Sale of Residential Property
The particularly brutal weather we saw when the “Beast From the East” paid us a visit last year highlighted how unprepared many of us are for dealing with adverse weather conditions. And whilst a White Christmas is on many people’s wish-list, the disruption caused by bad weather can be costly for your business. The answer … Continue reading How to Prepare Your Business for Adverse Weather Conditions
Whilst you may enjoy letting your hair down with your staff at the annual Christmas Party, it is worth remembering that you are still the employer and, as such, responsible and, perhaps liable, for any bad behaviour. Any incidents of harassment, abuse or discrimination could have repercussions not just for those involved, but also for … Continue reading How to Avoid Legal Issues at Your Company Christmas Party
With just a week until the general election, which key points in the parties’ manifestos should business owners and the self-employed be aware of? Green & Co partner, Ed Gooderham, has examined the manifestos for the Conservatives, Labour and the Liberal Democrats, and extracted the key points for business owners and the self-employed. Conservative … Continue reading Election infographic: What the election means for business owners
For employees using a company car, the new fuel rates for use from 1 December are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 9 1401cc to 1600cc 14 9 9 1601cc to 2000cc 14 9 11 Over 2000cc 21 14 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st December 2019
Where a VAT registered business entrusts an agent to act on their behalf, and an error occurs, who should HMRC hold as responsible? HMRC’s internal guidance regarding penalties is contained in their Compliance Handbook. The guidance directs that “where an inaccuracy in a document has been made despite the person having taken reasonable care to … Continue reading Who Is Responsible in the Eyes of HMRC?
HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge (DRC) for building and construction services. The DRC was set to come into effect on 1 October 2019. It has now been pushed back 12 months to 1 October 2020, due to fears that businesses in the construction sector are … Continue reading HMRC Applies Brakes to Domestic Reverse Charge