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Making any employee redundant is a difficult decision and potentially distressing for all involved. Getting the process wrong could result in one or more employment tribunal claims. Professional advice should always be sought. When an employee is made redundant, various elements may comprise the final payment. Apart from the normal earnings from the employment (salary,
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It is eight years since companies had to deal with two tax rates and marginal relief when calculating their corporation tax liability. That system has now been reinstated and, as of 1 April 2023, the amount of corporation tax will depend on a company’s profits as follows: under £50,000 – small profits rate of 19%
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Most business owners know that VAT registration is a legal requirement should total taxable turnover for the previous 12 months exceed £85,000 or turnover is expected to exceed £85,000 in the next 30 days. Once a business becomes liable, that liability ceases should HMRC be satisfied that the business is not expected to exceed the
Learn MoreWe planted thousands of trees via Ecologi – 16,241 to date resulting in 137.95 tonnes of carbon reduction. We plan to continue doing this for the long-term planting thousands more trees! View Details » We undertook a wide variety of direct charitable events in partnership with local charities / local team members in both Nepal
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Letting holiday properties, particularly in coastal resorts, may have a strong seasonal bias, and when business is slow during the off-season, it can be tempting to let the property on a longer let. For example, a property could be let on short-term holiday lets over the summer months and on a six-month residential let during
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Landlords coming to the end of their fixed rate mortgage deal are likely to be paying considerably more in interest when they remortgage. The extent to which tax relief is available for interest payments depends on the type of let, the type of property and whether the business is an unincorporated property business or operated
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