IT'S NOT TOO LATE TO UNDERTAKE SOME YEAR END TAX PLANNING ... Lifetime ISA (LISA) Those aged between 18 and 40 can set up a Lifetime ISA (Individual Savings Account) to buy their first home or save for later life. You can put...
WILLS, GIFTS & INHERITANCE TAX Many of us get together with the family at Christmas and that prompts us to think about making or updating our Will. Whilst it can be tempting to think this is something to leave until...
NATIONAL INSURANCE CONTRIBUTIONS CHANGES EMPLOYEES In addition to income tax, all employees earning more than £12,570 a year pay Class 1 NICs. From 6 January 2024, the main rate of Class 1 NICs will be...
CHARGING ELECTRIC CARS AT HOME HMRC have recently clarified their view of the tax treatment for the reimbursement of electricity costs where employees charge their electric company cars at home. HMRC now accepts that reimbursing part of a...
BACK TO SCHOOL – SET UP A TAX-FREE CHILDCARE ACCOUNT? The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the cost of childcare. The account can be used to pay nursery fees, registered childminders,...