There are a number of HMRC-approved VAT schemes available to small businesses and we look at three of these in this week’s Tax Tuesday and consider when their use may be appropriate. Cash accounting The cash accounting scheme is available for businesses with annual...
In recent Tax Tuesday pieces, we have looked at tax efficient ways to incentivise the workforce, given the importance of a motivated workforce to the success of a business. Another key consideration for success is to ensure a business adopts the most appropriate...
Download the Budget Summary Yesterday’s budget brought less tax content than many predicted, yet provided some encouragement for a broader range of those who will benefit from reliefs and plans for spending. The theme of the announcements was that of high spend and as...
In the last few Tax Tuesday pieces we have looked at ways of incentivising employees by using different types of share scheme. This time, we look at another means of providing tax efficient remuneration to employees, called optional remuneration arrangements (OpRA)....
In the last Tax Tuesday piece, we looked at incentivising key staff members through the popular, cost-effective and tax-efficient Enterprise Management Incentive (EMI) scheme. While normally the first port of call when a typical owner managed business wishes to create...
The past year and half has been a tough time for most of us. This includes the UK’s army of employees, a large proportion of whom have had to adapt to new conditions such as being furloughed and/or working from home. Thankfully many businesses have weathered the storm...
