Accounting News

Tax-Free Mobile Phone

Tax-Free Mobile Phone

Mobile phones are ubiquitous – they are also subject to a tax exemption which enables employees to enjoy a mobile phone provided by their employer without suffering a benefit in kind tax charge. However, as with all exemptions there are...

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Hybrid Cloud Technology

Hybrid Cloud Technology

Many businesses are starting to realise that having all their data in the cloud may not be the best option. Due to cyber-security concerns, many firms are migrating applications and data away from the public cloud in favour of a mix...

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Getting Ready For Off-Payroll Working Changes

Getting Ready For Off-Payroll Working Changes

From 6 April 2020 the off-payroll working rules that have applied since 6 April 2017 where the end client is a public sector body are to be extended to large and medium private sector organisations who engage workers providing their...

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Give From Income To Save Inheritance Tax

Give From Income To Save Inheritance Tax

Within a family scenario, there are many situations in which one family member may make a gift to other family members. However, the way in which gifts are funded and made can make a significant difference to the way in...

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When Should A Business Register For VAT?

When Should A Business Register For VAT?

All traders – whether sole traders, partnerships, or limited companies – are obliged to register to charge and pay VAT once annual sales reach a pre-set annual threshold. This threshold remains at £85,000 for the year commencing 1 April 2019. The...

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Workplace Pension Contributions Rise Takes Effect

Workplace Pension Contributions Rise Takes Effect

An increase in the minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme took effect from 6 April 2019. From that date, the employer minimum contribution has risen from 2% to 3%, while the staff...

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