Category Archive Blog

Can I claim Employment Allowance for my business?

February 22, 2024 Comments Off on Can I claim Employment Allowance for my business? By Joshua Leigh & Co

The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).

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Higher rate taxpayer? How to prepare for the end of the tax year

February 21, 2024 Comments Off on Higher rate taxpayer? How to prepare for the end of the tax year By Joshua Leigh & Co

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.

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HMRC U-turns on its double cab pickups tax decision

February 20, 2024 Comments Off on HMRC U-turns on its double cab pickups tax decision By Joshua Leigh & Co

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.

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Loophole closed: Pickups are now classed as cars (NOT vans)

February 15, 2024 Comments Off on Loophole closed: Pickups are now classed as cars (NOT vans) By Joshua Leigh & Co

A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.

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Five Self-Assessment deductions you didn’t know you could claim

February 14, 2024 Comments Off on Five Self-Assessment deductions you didn’t know you could claim By Joshua Leigh & Co

With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential.

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Starting a business: the complete checklist  

February 13, 2024 Comments Off on Starting a business: the complete checklist   By Joshua Leigh & Co

The UK economy is built on SMEs and innovative entrepreneurs.  

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Understanding payroll responsibilities for apprentice wages

February 8, 2024 Comments Off on Understanding payroll responsibilities for apprentice wages By Joshua Leigh & Co

Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes.

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Making Tax Digital – Your questions, answered

February 7, 2024 Comments Off on Making Tax Digital – Your questions, answered By Joshua Leigh & Co

Making Tax Digital (MTD) is designed to simplify the tax process for business owners.

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Investing in skills – Why SMEs should embrace apprenticeships 

February 6, 2024 Comments Off on Investing in skills – Why SMEs should embrace apprenticeships  By Joshua Leigh & Co

Alternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for your business? 

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Government to change tax law twice before election – How to prepare

February 1, 2024 Comments Off on Government to change tax law twice before election – How to prepare By Joshua Leigh & Co

The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.

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