NEWS
Don’t Overpay On Your Personal Tax – Getting Ahead of Your Returns
With the second payment on account deadline of July 31st fast approaching, UK personal taxpayers should be aware of the potential impact of income fluctuations on their tax liability. Taxpayers who have experienced a decrease in income during the 2022/2023 tax year...
How to Successfully Plan for Exiting Your Business
One of the challenges that business owners face is how to plan for a successful exit. Whether it is a transfer of ownership to a family member, a management buyout, or the sale of the business to a trade buyer, the process requires careful consideration well in...
All You Need to Know About Submitting Your Enterprise Management Incentives (EMI) Notification
As the annual deadline of July 6th approaches, businesses utilising the Enterprise Management Incentives (EMI) share option scheme must be well prepared to submit their EMI annual return to HMRC. As with all tax-related reporting, accuracy and compliance are...
Employment-Related Securities (ERS) Tax Return – What You Should Know
The UK's Employment Related Securities (ERS) tax return is a crucial component of tax compliance for businesses that issue shares or share options to their employees. Navigating the complexities of ERS reporting can be challenging, but understanding the requirements...
Submitting your P11D & Class 1A NIC – What, How and By When
As we approach the mid-year mark, it's not just the peak of summer gradually creeping closer but also the deadline for submitting your P11D. Any business providing employees with expenses and benefits throughout the year must have this form in the HMRC by the 6th of...