Crack down on cloned companies

Crack down on cloned companies

Are we to expect a decline in the number of cloned companies? The National Crime Agency estimates that £78m was lost in cloned companies scams in 2020 and that is probably an underestimate as many frauds are not reported. Criminals set up companies with names that are...
NIC cut in November

NIC cut in November

Be clear on the NIC changes. The Government has decided to reverse the 1.25 percentage point increases in national insurance contribution (NIC) rates which were introduced from 6 April 2022. The rates of Class 1 NIC are taken back to the levels that were in place on 5...
Working at home deductions

Working at home deductions

Do you work at home? If so, you’re one of the almost 10 million people who work from home and can benefit from the tax-free allowance of £6 per week (£26 per month) which their employer may choose to pay. Employers can reimburse larger amounts to home-based...
Electronic sales suppression

Electronic sales suppression

ESS occurs when a business either acquires, or gains access to, software that will assist it to under-report its sales, order to hide or reduce the value of individual transactions. If this sounds familiar to you, read on to learn why this is a bad business move....
Cost of travelling to work

Cost of travelling to work

How do you feel about travelling to work in the current financial climate? Travelling to the workplace may now be unaffordable for some employees but employers who help by reimbursing travel expenses could be creating an extra tax burden for themselves and their...