Newsletters
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What’s the difference between an error and an adjustment?
Your business must disclose errors to HMRC above certain limits in writing. But it can include accounting “adjustments” on the next return. What are the main adjustments (that aren’t errors) that your business could make?
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The IHT exemption that HMRC hides
You have the task of obtaining probate for your mother’s estate which involves completing tricky inheritance (IHT) tax forms. One of these requires you to report lifetime gifts. How might the form’s wording cause you to miss out on an IHT exemption?
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Gifts of shares to children: direct or via a trust?
You want to give away some shares in your company to help provide an income for your children. Is it better to make a direct gift to them or should you transfer the shares to a trust with your children as beneficiaries?
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Are work-related benefits for disabled persons tax free?
A loyal employee has suffered a disability and needs special equipment to do her job. If she also uses the equipment in her personal life, will it count as a taxable benefit for her?
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Tax breaks for work-related training
Training your employees well is generally good for your business but there are tax and NI breaks that can sweeten the pot. What are they and how can you qualify for them?
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Investing in woodlands - what are your options?
Investing in woodlands comes with several tax breaks. To make the most of these should you invest personally or through a company?