Newsletters
-
Profit extraction: maximising efficiency for this year and the next
For owner managers that have control over the salary and dividends they receive from their companies, this time of year is important for tax and NI planning. Especially this year if profits have been adversely affected by the pandemic. What factors should be considered for maximum tax efficiency?
-
Coronavirus: how do travel restrictions impact non-resident employees?
HMRC has updated its guidance on the tax impact for non-resident employees due to the coronavirus. What do employers to know?
-
IHT planning: gifts from surplus income
If an individual makes gifts out of their surplus income, they can qualify for an unrestricted exemption - making inheritance tax planning very valuable. But how can they demonstrate their intention to HMRC?
-
Don't miss the benefit-in-kind payrolling deadline
If an employer provides its employees with benefits-in-kind, it can choose to "payroll" these so the employees can spread the payment of any tax. However, there is a strict deadline to meet to do this. What is it?
-
Reclaiming VAT on a garden office
The pandemic has led to a huge increase in homeworking. If a house is not suited to office working, the proprietor might decide to build a home office in the garden. But can they claim input tax on the associated building costs?
-
Delay in challenging repeated sickness meant dismissal was unfair
An employment tribunal has ruled that an employee who was dismissed after missing 808 shifts and receiving nearly £100K in sick pay was unfairly dismissed. How was this possible, and how can employers avoid a similar situation?
Muir & Addy is a partnership registered to carry out audit work by the Institute of Chartered Accountants in Ireland (ICAI). Chartered Accountants Ireland is the operating name of ICAI.
Details of our audit registration can be viewed at www.auditregister.org.uk, under reference number 223287.