by Terry Phillips | Feb 22, 2024 | Motoring Expenditure, ACCA, accountancy, Accountants, Business Owner, Chester, Company Expenses, director, Employer, expenses, Family Business, hmrc, National Insurance, tax, Tax planning, tax rebate, Tax return
Accountants Chester – Tax Tip No. 60 If your Chester-based business has employees who use their personal cars for work, understanding mileage allowances and reimbursements is important. Here’s the key information: Tax-Free Mileage: Employees can receive...
by Terry Phillips | Jan 28, 2024 | National Insurance, accountancy, Accountants, director, employee, hmrc, Self-Assessment, tax
Accountants Chester – Tax Tip No. 57 In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from 12% to 10%. Rather than waiting until the start of the 2024/25 tax year to bring in the...
by Terry Phillips | Jan 14, 2024 | Sole trader, accountancy, Accountants, Business Owner, hmrc, Income Tax, partner, Partnership, Self employed, tax, Tax return
Accountants Chester – Tax Tip No. 55 If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals, you can use the accruals basis to prepare your accounts or, if you are eligible, the...
