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April 2023

What miscellaneous benefits can I offer Tax-Free?

The list of miscellaneous company benefits that can be provided tax-free to employees is quite short. However, some of the benefits that can be provided include the following:

What are the deadlines for filing my company confirmation statement?

As well as filing accounts with Companies House, there is a requirement to check that the information Companies House has about your company is correct every year. The filing of an annual company confirmation statement facilitates this. Companies House can prosecute a company and its officers for failing to file a confirmation statement, and the company can be struck off.

How to claim back Tax off your charitable donations – The Gift Aid Scheme.

The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take your donation and, provided all the qualifying conditions are met, reclaim the basic rate tax allowing for an extra 25p of tax relief on every pound donated to charity.

How can I reduce tax for investors in trading companies? – The Enterprise Investment scheme.

The Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies raise finance by offering a range of tax reliefs to investors who purchase new shares.

Accountants and Business Advisory Firm Moore (South), Announce Associate Partner Promotions

 Moore (South) are delighted to announce that Andrew Tanner and Vicky Drayton have been promoted to Associate Partners, with effect from 1st April 2023.  

What is Business Asset Rollover Relief?

Business Asset Rollover Relief is a valuable relief that allows for the deferral of Capital Gains Tax (CGT) on gains made when taxpayers sell or dispose of certain assets and use all or part of the proceeds to buy new business assets. The relief means that the tax on the gain of the old asset is postponed. The amount of the gain is effectively rolled over into the cost of the new asset, and any CGT liability is deferred until the new asset is sold.

What are the National Living Wage and National Minimum Wage Rates for 2023?

New National Minimum Wage (NMW) and National Living Wage (NLW) rates come into effect on 1 April 2023.