Employers subject to reporting changes for low emission cars

Local accountants and tax advisers, Trueman Brown, advise local employers about the new lower charges for low emissions cars. From 6 April 2020, new appropriate percentage bands – and new lower charges for low emissions cars – will apply for company car tax purposes....

Employers – Mileage Allowance and National Insurance

Local accountants and tax advisers, Trueman Brown, advice employers that the rules about tax-free mileage allowance do NOT apply in the same way for National Insurance purpose. Employees frequently use their cars for work and may be paid a mileage allowance by their...

Getting tax relief for trading losses

Local accountants and tax advisers, Trueman Brown, advise sole traders of the tax relief they could obtain if they make a loss. In the event that a loss arises in a trade or profession, consideration should be given as how best to obtain relief for that loss. As with...

What are the approved and advisory fuel rates?

Local accountants and tax advisers advise local businesses what the approved and advisory fuel rates are and how they should be used by businesses. The subject of allowable mileage rates for tax purposes often causes confusion as different rules apply depending on...