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?
What to consider when registering for VAT? Currently the VAT threshold is £85,000 this is based on a rolling 12 months (not the tax year or your financial year). If you think you will reach registration in the next month you must register. Do … Continue reading Helping You Understand VAT Registration Requirements
Croner-i tax adviser Alexander McCarthy answers the following tax question... A client is a trading company and due to trading difficulties in the current year, they have made a loss in their trade, which they will carry back to the profitable … Continue reading Ask The Experts: Company Rental Losses
VAT Expert Rachel Clarke advises on the following question raised by a client. A client has bought electric cars which will be used for both business and private purposes. How should we treat the input tax recovery on the charging … Continue reading Ask The Experts: Electric Car Charging