The tangled web of the associated companies rules from 1 April 2023
The rate at which a company pays tax is now determined by the level of their taxable profit. Where taxable profit falls between the lower and upper limits, a company pays tax at an effective rate of 26.5%. The limits are reduced for periods of less than 12 months and are dependent on the number […]
The importance of Payroll
Payroll is often one of the largest expenses for employers and plays a vital role in maintaining employee satisfaction, so it is important to ensure all payroll related processes are accurate and compliant. There are a number of ongoing requirements and future changes to payroll legislation to keep in mind. Pension Re-Enrolment – action needed […]
Rental Properties, things you need to consider
Having a rental property may not be as simple as turning over your old home to letting agents and enjoying stress-free income. Whether the property is UK or overseas sited will have an impact on your reporting requirements and tax liabilities. Consider how rental properties are taxed abroad and whether relief is available for that […]