Get ready for the “off-payroll” working rules

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Where large or medium-sized organisations are paying workers via personal service companies or agencies they will need to operate new procedures from 6 April 2020. The new rules will apply to partnerships, LLPs and larger charities as well as limited companies. Only those organisations that would be classed as “small” under the Companies Act criteria […]

Disguised remuneration loan charge review

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The Chancellor, Sajid Javid has commissioned a review of the Loan Charge to consider whether the policy is an appropriate way of dealing with disguised remuneration loan schemes used by individuals who entered directly into these schemes to avoid paying tax. The disguised remuneration Loan Charge was introduced to tackle contrived schemes where a person’s […]

Tax rules, loopholes and spirit of the law

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It is informative to reflect that “when I were a lad” (a trainee accountant) the letter of the law was all that seemed to matter.  If we could find “a way” of saving tax then ‘yuppie’ smiles all round.  These days context, intention and substance are more important than raw legal documentation.  And quite rightly […]

Effective Employee Benefits Don’t Have to Cost Much

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Work life balance and flexible working benefits may be more valued than some of the more expensive employee benefits offered by some businesses. Google is well known for providing everything from free food to onsite gyms, while Netflix has joined the bandwagon of firms offering unlimited holidays. What these employers demonstrate is that in the […]

Time for an electric company car?

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The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21. This is instead of the 2% scale charge that was originally included in Finance Act 2017 to apply for 2020/21. The legislation for the change will be included in Finance Bill 2020 and it is […]

57 Ways to Grow Your Business: 16 – Create a “Freebie” Kit

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A “freebie” kit is something that a customer finds really useful and that you are happy to give away. Here are some examples: Computer Company – A “basic systems kit”, explaining: Various systems How they are configured Avoiding problems Maintenance backup checklists This might also include a free disk with shareware and virus protection programs. […]

Pensions for seasonal staff

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HMRC has reminded businesses that employ seasonal, temporary staff that, as long as they know their staff will be working for them for fewer than three months, they can postpone the legal duty to assess staff for pension purposes for three months. During this period, employers will not need to put staff into a pension […]

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