As we quickly approach the festive season, it is always a good time to recap on the tax reliefs which are available for staff entertaining. Generally, all staff entertaining will be an allowable tax deduction for the employer but there may be a charge to taxation on...
Many firms will provide a Christmas bonus to staff. Often this will be in cash which will be taxable and will normally be processed through the payroll. However, small, low value gifts of goods to employees will normally be tax free if they fall within the trivial...
The UK200Group recently released their Small and Medium Enterprises Valuation Index. This provides detail on the sale multiples obtained on actual transactions involving the sale or purchase of UK businesses. The data for the index is provided anonymously by the...
Qualifying as a furnished holiday let still continues to provide additional taxation benefits when compared to normal renting. These taxation benefits include: Plant and machinery allowances can be claimed on furniture, equipment and fixtures. The profits count as...
As I have suggested before, it is more and more difficult to identify anything significant from a Budget Speech that has not been leaked or explained in detail beforehand. The Deputy Speaker commented on this too – she was not very happy that the Press get to know...
Nostradamus Revisited In February this year I broke with my convention and predicted what the Chancellor would announce in his Spring Budget. I reckoned that allowances would be frozen and this proved to be precisely what the Chancellor announced, indeed freezing many...
