Category: Allowances
Staff vs Client Lunch: Your HMRC Tax Claims Explained
There’s no such thing as a free lunch. Well, there could be, but it depends on the details. Many business owners make the mistake of thinking all staff and client lunches can be recorded as an allowable expense claim with HMRC. Unfortunately, it’s not that simple. HMRC rules focus on whether your meal expenses serve "wholly and ...
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Accounting Mistakes That Cost Small Businesses Big
Small businesses can face devastating financial consequences from accounting mistakes that often go undetected until serious issues arise. These problems usually surface when tax bills arrive, deadlines pass, or funding applications need review. Poor cash flow management can get pricey and create tax complications. In extreme cases, it mi...
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PAYE Settlement Agreements Explained: Save Time and Money on Employee Benefits
Would you like to reduce your tax obligations whilst increasing benefits to your employees? If that appeals, then PAYE settlement agreements could be something of interest. PAYE settlement agreements let you make one annual payment to HMRC. This eliminates the need to process multiple employee benefits through payroll or P11D forms. Yo...
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UK Employment Rights Bill Sets New Rules for Businesses
The Employment Rights Bill (the Bill), published back in October 2024, brings one of the biggest changes to UK employment law in recent years with 28 reforms in multiple areas and is very near the end of its Parliamentary journey. Those in the “know”, suggest the Bill will receive Royal Assent in November 2025 with the first provisi...
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2025/2026 Tax Rates and Allowances
The tax year runs from 6 April. Here’s an overview of the main tax rates, allowances and national Insurance contributions that you need to be aware of for the tax year starting 6 April 2025. If you have any questions, would like to understand what rates specifically apply to yourself, or what allowances are available, please get in t...
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Spring Statement 2025
On Wednesday 26th March 2025, Chancellor Rachel Reeves delivered her Spring Statement. In terms of announcements for the average person, it was fairly low key with many of the announcements more aimed at a national level in terms of defence spending, overseas aid, etc. That said, there were of course still announcements to be aware of. An...
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Payrolling of Benefits: Your Guide to the New HMRC Rules
HMRC plans to reshape the scene of payrolling benefits with new mandatory reporting rules from April 2026. These changes will impact all employers and replace the current P11D system that processes about 4 million forms each year. Currently, P11D forms are submitted by employers by 6 July after the tax year ends. Under the proposed new...
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Changes from 6th April 2025
As we approach the start of a new tax year, there are several changes coming into play that you may not be aware of. In this article we breakdown the main changes. Changes in Employers National Insurance Contributions/Employment Allowance If you’re an employer with a National Insurance Contributions (NICs) liability, or with employees...
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How to Master Payroll Basics: A Step-by-Step Guide
The concept of payroll is simple, but if not done correctly can lead to big and expensive problems. It can damage business reputation and employee trust. Your business could face serious issues from missed deadlines to calculation errors when you handle payroll without knowing the simple fundamentals. So, what exactly is involved in a ...
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National Minimum Wage vs Living Wage: Key Differences Explained
You’re probably familiar with the terms minimum wage and living wage. But do you know what the differences are between them? In this article we run through all the differences and what you might need to be aware of. Understanding the Three Wage Types The UK has three different wage types that everyone should know about: the Nationa...
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