The world is changing fast and businesses are having to adapt accordingly. Businesses across the world have been grappling with rapid transformation because of changes to working practices, shifts in buyer behaviour, and ongoing economic … Continue reading The key business trends for 2022
As a valued MJB Avanti client we wanted to make you aware of Vantage fee protection insurance. Each year HM Revenue & Customs (HMRC) undertake an enormous number of tax enquiries into individuals and businesses to check they have paid the … Continue reading Protect against HMRC investigations with Vantage
Many were expecting the chancellor to announce changes to inheritance tax (IHT) in his Autumn Budget, However, like capital gains tax (CGT), the rules have remained broadly the same as last year. That means that each tax year individuals may make … Continue reading CHRISTMAS IS THE TIME FOR GIVING
If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment of up to £1,220 from HMRC. The marriage allowance is available to qualifying married couples and those in a civil partnership where a spouse or … Continue reading Are you missing out on marriage allowance?
A client runs a childcare centre. During term-time it is largely pre-school children with some pre-and post-school care for primary school children. During the school holidays, she caters for all children up to the age of 12. She offers a wide … Continue reading Education, Childcare, Or Activity Club?
A client owns a pub/restaurant and provides his staff with a meal halfway through their shift, is this a taxable benefit? If a free or subsidised meal is provided to employees by their employer there may be tax relief by exemption or by … Continue reading Tax And Workplace Meals
Should you stop asking your employees to wear face coverings at work given the change in government guidance on this. As an organisation your employer’s duty of care to safeguard the health, safety, and wellbeing of their employees has not changed … Continue reading HR Advice – Face Coverings In the Workplace
We at MJB AVANTI use “Brightpay” as our payroll software to process your payrolls. This is a desktop-based payroll software that is fully recognized by the HMRC. “BrightPay Connect” is an optional cloud add-on to the desktop payroll software that … Continue reading Introducing Payroll Clients To Brightpay Connect
Marriage/ Civil partnerships and your Main home If both individuals, due to get married or enter into a civil partnership own separate property which they continue to occupy for a significant length of time, they are required to nominate one of them … Continue reading Terrific Tuesday Tax Tip- Marriage/ Civil partnerships and your Main home
The hospitality industry, gratuities, and your liabilities Businesses in the catering and service industries where tips are common need to be aware of the tax rules relating to tips and service charges. The rules are complex and HMRC provides … Continue reading Terrific Tuesday Tax Tip – The hospitality industry, gratuities, and your liabilities
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If taxpayers only pay basic rate tax and make a small capital gain, they may only be subject to a reduced rate of … Continue reading Current Capital Gains Tax Rates
For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that businesses must consider where there is personal or private use of goods or services bought for the business and can usually only … Continue reading VAT – What Can You Reclaim?