By Mel Hackney Many people have come across childcare vouchers in their employment – essentially, this is where an employer can ‘award’ vouchers which are paid tax and NIC free. However, HMRC have been intending on abolishing this scheme for some time, recognising the lack of equality between employed and self-employed individuals in this area, … Continue reading Tax Free Childcare – don’t miss out!
By Mel Hackney There have been some pretty significant changes to capital allowances recently, and it’s important to consider these when making investment decisions. A capital allowance is a deduction from trading profits which is allowable for tax, therefore reducing yours or your company’s tax liability. Firstly, from October 2018, capital allowances for structure and … Continue reading Hey Big Spender!