PAYE Late filing penalties

PAYE Late filing penalties

Main Tax Late Filing and Payment Penalties This article summarises the main tax late filing and payment penalties. In addition, you should be aware there are penalties for providing incorrect information. As a small business owner you will have to deal with a number...
Pay Staff Tax Free

Pay Staff Tax Free

Pay Staff Tax Free – Staff Suggestion Scheme This scheme is specifically allowed and provided for in the legislation. It is very simple to operate and works as follows… Employees can be rewarded for making suggestions that relate to your business...
Tax on Company Cars

Tax on Company Cars

Minimising Tax on Company Cars The cost of being provided with a company car has reached extremely high levels and whether to make use of a company car for private purposes now requires careful consideration to minimise the tax costs. There are a number of factors...

Employees Working Abroad

Employees Working Abroad When your employees go to work abroad you need to think about their potential liability to income tax and national insurance, but be careful because there are different rules for each. Income tax The tax liability will depend on how long the...

Inheritance Tax

The Basics of Inheritance Tax Inheritance tax (IHT) is starting to be more of a concern to many people. Most estates (the assets you leave when you die) are still not charged with inheritance tax, as the total value is not high enough, but more estates are being...
Dissolving a small company

Dissolving a small company

There are many reasons why a company is dissolved, ranging from insolvency to simply having come to the end of its useful life.   Whatever the reason, it is essential that the correct advice is given by the company’s advisers and the correct decisions are taken by the...