The rules underpinning what you can contribute to a pension, and the rules around the Lifetime Allowance, have changed significantly from 6 April 2023.
Research suggests nearly 90% of businesses made payroll mistakes in the last year. We highlight one of the most common payroll errors – duplicate employments – and advise on how to avoid it.
It sounds entirely shoulder-shruggable but basis period reform is like the bits under the bonnet; it makes the car go. Or, in this case, it helps determine the Income Tax bill.
If the vehicle you provide to your employee is a car, the taxable benefit is higher. If it’s a van, the taxable benefit is lower. But what if it’s a multi-purpose vehicle? Or modified for use in your business?
HMRC wants to raise awareness of the fact that cryptoasset transactions can result in tax bills. It appears there is still some way to go.
Brexit has meant constant change for customs rules. What else is round the corner for businesses that import and export goods?
What’s the right way to sort out the VAT if you sell goods or services with different VAT rates as a package or bundle?
Unveiled in the Spring Budget, full expensing is the highlight of what the government calls its new ‘capital allowances offer’. But what is it? And will it benefit your business?
We love nothing better than hearing good news stories from our clients, especially if they’re just starting out on their business journey. So it made us very happy to hear that wedding and lifestyle photographer Adam Murray is already capturing the attention of awards judges.
Let’s face it, nobody likes paying tax but, if you have an income, it’s an inevitable part of life. Fortunately, here at RfM, we have a highly-experienced tax team who are determined to make tax less troublesome for clients.
“In many ways, a Power of Attorney is more important than a Will,” stated personal finance expert Martin Lewis OBE recently on his ITV advice show. In his special feature on Lasting Powers of Attorney, he explained why it’s important to make one as early as possible, and what could happen in the future if you don’t.
A recent Supreme Court verdict addressed an important question regarding directors’ duties: In what circumstances must directors act in, or at least consider, the interests of the company’s creditors?
Non-standard work arrangements such as hybrid and flexible working are now the not-so-new normal. What are the compliance issues and risks employers need to be aware of?
In most cases, when property is sold or rented, no VAT changes hands and the supplier cannot recover VAT on associated expenditure. Where this poses a significant business issue, the option to tax is sometimes useful.
HMRC’s time to pay facility offers a monthly repayment arrangement to taxpayers struggling to settle an outstanding tax liability in full, on time.