HMRC are rolling out a new online service for employees. The new service that will be available from the end of September and will allow the employee to add or amend their company car details online.
Disposing of computers safely is extremely important, as it is incredibly easy to accidentally give away sensitive information to thieves and fraudsters.
In previous blogs I have discussed Class 2 NI contributions and how they are collected.
If you have made a loan to your business you should consider paying interest on the loan, as this will be an allowable deduction against the business profits. However, the interest will be taxable on the lender, so you need to consider the tax rate applicable to both parties.
There are currently two very generous tax breaks for companies involved in research and development (R&D) , particularly those that go on to patent their products or inventions. Many such companies may not be claiming all the relief that they are entitled to.