Inspire Financial Management
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Tel: 0191 487 7074
Businesses that take on temporary staff over busy periods, e.g. the summer holidays, need to check whether they have obligations under auto-enrolment.
You're a shareholder and director of three companies. You take a salary from each company topped up with dividends. Is this the most tax-efficient option?
Do you waste time on admin tasks such as processing expenses for employees' subsistence claims. Might benchmark rates be a viable alternative?
A new online tool has been launched to help businesses understand the impact of being VAT registered. What's the full story?
You sold a machine before you were VAT registered. Your accountant has told you that you should have charged VAT on the sale. Is this correct?
Dealing with a deceased client's tax affairs can be drawn out, partly due to the authorisation process. However, a recent change should help simplify things.
The amount of tax you pay on your salary depends on your tax code. If it's wrong you'll pay too much or too little. What can you do about it?
The second payment on account for tax year 2023/24 is due by 31 July 2024. But what do you need to beware of?
If you're a sole trader or in partnership you may need to show extra information when completing your 2023/24 tax return.
SDLT refunds have been a target of successful HMRC investigations in recent years. However, a taxpayer has just won their case. What was different this time?
The deadline for employers to file P11D forms for 2023/24 is 6 July. You need to be aware of a crucial change this year. Why should you check the position even
Some people have been receiving mysterious refunds of Class 2 NI in recent weeks. HMRC has now provided an update on the issue. What's going on?
Company pool cars must not be "available" for private use. If an unplanned event means you can't avoid a private journey, what are the tax consequences?
The government is sending out Universal Credit Migration Notices. If you receive one, why must you act now to ensure you don't lose valuable benefits?
As a director shareholder, borrowing cash from your company can trigger tax charges for both you and it. Is it more tax efficient to use a company credit card?
If you earn a little income on the side, the trading allowance can exempt it from tax or reduce the amount payable. How does it work?
Rule changes on payroll reporting for early salary payments have been relaxed. What do you need to know?
The PAYE system has resulted in thousands of taxpayers over repaying their student loans. HMRC says its new procedure will help prevent this.
With three weeks to go until the election, the main parties have been making tax-related promises. What do we know so far?
If a personalised registration number has a connection with your business, can you can reclaim the VAT or will HMRC block it?
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