News
Specialist Accounts & Business Advisors for the Healthcare Sector Working with Doctors, Dentists, Pharmacists, Veterinarians & other Healthcare Organisations, and Professionals.
Q&A: tax liability on loan to shareholder
I have a client who owns 25% of the ordinary voting shares of a close company, but she is not a director or employee...
Government confirms tax increases to cover social care costs
The launch of a social care levy from 2022 will see taxpayers facing a 1.25% tax charge under government plans, while...
HMRC defers late self assessment fines to end February
HMRC has waived late filing and late payment penalties for self assessment taxpayers by one month, effectively...
1.25% cut in national insurance confirmed for employees and employers
The Chancellor has confirmed that he will cut national insurance by 1.25% for employees and employers from 6 November...
The importance of using Gift Aid for tax-free charitable donations
Ross Palmer, senior tax manager at Sayer Vincent, explains the tax benefits of charitable donations to mark Gift Aid...
PM u-turns on corporation tax hike
The Prime Minister Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25% from...
MTD extension will raise costs for SMEs, says ABAB
Making Tax Digital for Income Tax will raise costs for business and will not reduce the time spent completing tax...
Interest rate hiked to 3%
The Bank of England has increased the base interest rate by 0.75% to 3%, the largest hike in over 30 years In a bid to...
How salary sacrifice schemes for cars work
Using salary sacrifice schemes can benefit staff and reduce tax liability on company cars, explains James...
Threshold freeze equivalent to 3.5% tax hike
The government’s deep freeze on income tax thresholds will see some workers’ tax bills rise by the equivalent of a...