Tax

This guide is intended to help unincorporated business owners with their tax planning Individuals pay tax on the profits of their unincorporated business at income… Read More »Tax and your business

Small businesses will be exempt from real-time information (RTI) late filing penalties until March 2015, HMRC has announced. HMRC will phase in quarterly penalties for… Read More »RTI penalty delay for small businesses

Subsistence is a payment for an individual in relation to work-related travel, accommodation and meals beyond those normally required. Entertainment is when someone in business… Read More »Subsistence and entertainment

When is it beneficial for a company owner or director to take a dividend rather than salary? Many people running businesses prefer to do so… Read More »Salary or dividends

The rates which employers can use to reimburse their employees who pay to put petrol in their company cars for business use have been updated.… Read More »Company cars – advisory fuel rates from 1 June

The Confederation of British Industry (CBI) has said that businesses are taking on more people and optimism is at its highest level since 1998. Its… Read More »Firms taking on more employees

The UK economy grew by 0.8% in the first three months of 2014 official figures have confirmed, as households spent more and firms lifted investment.… Read More »UK economic growth confirmed at 0.8%

From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne… Read More »New personal tax statement for 24mn people