The P11D is a form to be completed by employers detailing the cash equivalents of any benefits and expenses provided during the tax year. These include the use of a company car, interest free loans and private healthcare provided to employees. Any benefits and expenses paid to family members must also be declared in the form. What kind of expenses and benefits are included? [..]

Juggling the demands of running your own business while raising children presents unique financial challenges. Many self-employed professionals assume that government childcare is only available to traditional employees, but this couldn’t be further from the truth. [..]

Submitting your self assessment tax return on time is vital for contractors and freelancers operating through Limited companies. Missing the UK tax return deadlines can lead to significant penalties, interest charges, and even the risk of a tax investigation. Planning ahead will not only save you money but also reduce [..]

With the countdown to Christmas in full swing, it means we’re also closing in on the party season. Workplaces up and down the country will be preparing to don paper hats and let their hair down at the Christmas do. It is also a good time to refresh yourself on the rules regarding the tax aspects of staff parties. The Annual Party The majority of businesses utilise their £150 per employee exemption on the Christmas party [..]