Tag Archives: Tax

Navigating the Complexities of Business Tax

Running A Limited Company Guide

Taxation is a critical aspect of running a business, and understanding its complexities is essential for limited company owners. Our comprehensive guide ‘Running a Limited Company: A practical guide for business owners’, provides a breakdown of key business tax considerations, including dividend tax, VAT, National Insurance Contributions (NICs), Corporation Tax, […]

HMRC Impending Changes for Gig Workers

gig economy

What Is A Gig Economy The dictionary definition of “Gig Economy” or gig workers is “A way of working that is based on people having temporary jobs or doing separate pieces of work, each paid separately, rather than working for an employer.”   The Role Of Digital Platforms In The […]

eXtortion / Extortion – ransom payments

Xtortion

The question is:  Are ransom payments made by a business to access its IT systems tax deductible? Everyday more and more news reports highlight the threat ransomware and cyber terrorism impose on our institutions and businesses.  Workplaces are increasingly dependent upon IT systems and infrastructure and data breaches have a […]

What is National Insurance?

National Insurance pound

National Insurance Contributions (NICs) are payable by almost every worker and employer throughout the UK. They are an important deduction from your salary as the amount of Class 1 NICs you’ve paid throughout your lifetime affects your rights to the state pension. Likewise, those who are self-employed need to pay […]

Unusual tax facts

unusual tax facts

Time for a more light-hearted look at some unusual (or useless!) tax facts as we approach the end of the alphabet! with our A-Z tax blog series. Weird and wonderful facts: One of the first recorded taxes in the UK was the Danegeld, a tax on Anglo-Saxon landowners to pay […]

Tax Planning

year end tax planning

The UK tax year runs from 6 April to 5 April of the following year. Here are some end of year tax planning tips: Make use of ISA’s – these accounts allow you to save and invest tax-free so consider making use of your ISA allowance before the end of […]

Qualifications and Training tax rules

Qualifications tax

While you may have revelled the thought about finishing your qualifications at school/college/university, for a lot of people learning continues far beyond the conventional educational institutions. Work-based learning to ensure you keep your own or your employees’ skills as up to date as possible has become the norm, with many […]

How will the basis period reform affect how my business profits are taxed from 2023/24

basis period reform

Are you one of those unincorporated businesses that don’t have a 31st March or 5th April Accounts year end? Then beware, following the basis period reform, the tax man wants more tax from you, and you may already be taking decisions and earning profits that will lead to that increased […]

R&D Changes April 2023

R&D

There has been a lot of chatter on Robson Laidler’s website and social media regarding R&D and the changes that have recently taken place. Whilst these changes have been notable, they are not exactly radical to the point where you need to rethink your entire R&D strategy. However, the additional […]