Local accountants and tax advisers, Trueman Brown, warn employers about legislation surrounding ‘Trivial Benefits’ which was introduced to save employers from having to report relatively small amounts given to employees as taxable on form P11D. Legislation...
Local accountants and tax advisers, Trueman Brown, warn entrepreneurs that when a company ceases trading, any assets they have accumulated are usually distributed to shareholders after any liabilities have been paid. The method of distribution should be planned...
Local accountants and tax advisers, Trueman Brown, warn that there have been a lot of changes to National Insurance Contributions during the tax year in July 2022. Although the National Insurance rates and thresholds for 2022/23 had already been set, at the time of...
Local accountants and tax advisers, Trueman Brown, warn landlords that a letting agent may incur costs on behalf of a landlord which could or could not be subject to VAT. If you use an agent to manage a let property, they may incur expenses, such as repairs and...
Local accountants and tax advisers, Trueman Brown, warn homeowners that under the rent-a-room scheme you can earn up to £7,500 tax-free from letting a furnished room in your own home. If you are feeling the pinch and you have a spare room in your home, you may...
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