December 2024

News Posted

Festive Opening

11th December 2024
Our offices will be closed (including) 24th December 2024, reopening on Monday 6th January 2025. Please note, our offices will also be closed on the afternoon of Friday 20th December for our Christmas Lunch.

Hobby or Business?

11th December 2024
If you receive money or gifts in connection with your hobby, do you always have to declare them to HMRC and pay tax on them? Partner Christiaan Hansen discusses the tax implications and responsibilities. If you undertake a hobby in your spare time which generates income and you are lucky enough to get paid in...

Tighter rules for company loans

9th December 2024
The recent Autumn Budget announced a new rule affecting loans and other advances made by companies to their shareholders. If you owe your company money, is this something you should be concerned about? Partner Christiaan Hansen discusses the implications. If you are an owner manager of a close company (this is a company which is...

Proof of employment expenses are now required

5th December 2024
HMRC now insists on evidence of employee expenses claimed through PAYE. But what records do employees need to keep? Pamela Singh from our Payroll Department takes a closer look. Due to numerous incorrect claims, it is now necessary to submit evidence to HMRC to claim tax relief on certain employment expenses that are reimbursed by...