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What does the mini-budget mean for the Hospitality & Leisure Sector?

Menzies

Menzies LLP - A leading chartered accountancy firm. Reducing income tax rates.

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EIS and SEIS for Technology Businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) provide significant tax incentives for external investment into developing technology companies.

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Increase in National Insurance Contributions on the Way

Menzies

Menzies LLP - A leading chartered accountancy firm. Salary from directorships and employment income is subject to both employee’s and employer’s Class 1 NICs. Pushing Income into 202 3/24.

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What are the tax Implications associated with Cryptoassets?

Menzies

Menzies LLP - A leading chartered accountancy firm. And are there tax consequences you should be aware of? In this article we will look to provide an explanation of the tax implications that may arise for those involved with Cryptoassets. Income Tax.

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ISAs & Pensions Compared

Menzies

Menzies LLP - A leading chartered accountancy firm. Pensions and ISAs both offer tax advantages and form the foundation of any investment planning. The benefits of both types of investment increase as an individual’s marginal rates of tax rise.

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Seed Investment Scheme (SEIS) expansion from April 2023

Menzies

Menzies LLP - A leading chartered accountancy firm. Current rules: the amount an investor can claim income tax relief on is restricted to £100,000 per tax year. This relates to the qualifying investment amount, rather than the tax relief).

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HOW DO YOU TRADE NFTs SAFELY?

Menzies

Menzies LLP - A leading chartered accountancy firm. Although there is currently no tax regulation regarding NFTs from HMRC, it is vital to remember that all profits generated from trading NFTs must be declared for tax purposes. WHAT ARE THE TAX BENEFITS OF NFTS?

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Reducing salary, maintaining pension contribution, increasing take-home pay

Menzies

Menzies LLP - A leading chartered accountancy firm. Many of us will have received our first payslip of the new tax year and seen a reduction in our take-home pay, and many finance directors will have seen an increase in their employment costs.

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Autumn Statement – Although investors and companies might have wished for more, the markets react calmly

Menzies

Menzies LLP - A leading chartered accountancy firm. Alterations To R&D Tax Incentives. Costly Changes To Dividends And Capital Gains Tax. Stealth Tax – Freezing Personal Allowances. This change will affect both middle earners, and those with a higher income.

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Cryptoasset: What Does HMRC View As Trading?

Menzies

Menzies LLP - A leading chartered accountancy firm. The update in question provides advice regarding the tax treatment of cryptoassets, allowing traders to efficiently organise their digital assets. People often mistake what counts as ‘trading’ in their tax returns.

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R&D Tax Relief To See Considerable Changes

Menzies

Menzies LLP - A leading chartered accountancy firm. Research and Development (R&D) tax relief is intended to promote and reward scientific and technological innovation in the UK. A Welcome Update To The R&D Tax Relief Scheme.

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Basis Period Reforms – Do you have sufficient funds?

Menzies

Menzies LLP - A leading chartered accountancy firm. The basis period reform will not affect businesses with accounting year ends to 5 April or 31 March. For example, those with a 30 April year end will pay tax on 23 months profit in the transition year.

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Should micro landlords consider incorporating?

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax restrictions. The move to this business structure was mainly due to changes to tax that restricted the total tax relief that individual landlords could claim on the financing costs of their residential properties.

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It’s time to reconsider our attitudes toward non-doms

Menzies

Menzies LLP - A leading chartered accountancy firm. Referred to as the remittance basis of taxation, they can elect to pay taxes only on their UK income and gains, but not any overseas income and gains (unless they bring them to the UK).

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Accounting Jokes, Videos, Puns and Humor

AdviceForTaxpreparers

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. Accounting Jokes, Videos, Puns and Humor. If you are going to be an accountant then you have to be able to laugh at yourself. I put together this post to bring together any funny and entertaining accounting and tax videos, puns, jokes, pictures, etc. Accounting and CPA Puns. Short Accounting and CPA Jokes. Famous Accounting Quotes. Accounting Humor.