The High-Income Child Benefit Charge (HICBC) is a tax that affects households where at least one person with parental responsibility has a taxable income exceeding £50,000.
The Government recently named over 200 companies for failing to pay the national minimum wage (NMW).
In today’s digital age, the way businesses manage their finances has seen a seismic shift, largely due to the introduction and growing popularity of cloud accounting.
Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director’s loans, and they are recorded in the Director’s Loan Account.
Running a successful business in the UK is a challenging yet rewarding endeavour.
Starting your own business can seem daunting, especially when it comes to finding funding.
Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income Tax if it is under the Lifetime Allowance (LTA).
The Government has recently updated some elements of the Research and Development (R&D) tax relief application process.
The financial landscape in the UK, as well as globally, is in a constant state of change.
With the summer holidays nearly here, small businesses, especially in the hospitality industry, face a distinct set of challenges.