Local businesses need to ask whether workers are employees?
Local accountants and tax advisers, Trueman Brown, advise businesses on a vital question with the changes relating to IR35 - is the worker employed or self-employed? It is important to know whether a worker is employed or self-employed as there are many differences in...
Cycle to Work Scheme 2025/26 | Trueman Brown Accountants
Cycle to Work SCHEME – a smart benefit for employers and employees alike At Trueman Brown, we believe that a properly structured cycle to work SCHEME can deliver meaningful tax, health and sustainability benefits for your business. By introducing a scheme that allows...
What tax relief businesses can obtain on business loans
Local accountants and tax advisers, Trueman Brown, advise local businesses in the manner in what ways they can obtain tax relief on business related loans. Subject to certain conditions and restrictions, tax relief will generally be available for interest paid on...
Do You Need an EORI Number? Updated UK Import Rules for 2025
Do you need an EORI number after Brexit? What Essex (and all UK) businesses should know now Since the UK left the EU, if your business moves goods between Great Britain and other countries — whether importing or exporting — you will need an EORI number. Post-Brexit,...
Nominating a Main Residence for CGT | Essex Accountants
Nominating Your Main Residence for Tax Purposes When it comes to capital gains tax, your main residence or private principal residence plays a vital role in determining how much tax you may need to pay. Private residence relief ensures that any gain on selling your...
When and how businesses should incorporate?
Local accountants and tax advisers, Trueman Brown, advise local businesses when they should look to incorporate and what the method of incorporation should be. Over the last decade, corporation tax rates for most companies – irrespective of size - have fluctuated...
Family Member Pension Contributions: 2025/26 Guide
Family Member Pension Contributions: A Tax-Efficient Strategy for Business Owners Family member pension contributions can be a powerful and legitimate way for business owners to reduce tax while supporting the long-term financial future of their family. When...
Negligible Value Claim Guide 2025/26 | Trueman Brown
Making a negligible value claim on worthless assets When one of your assets has dropped to a value of essentially nothing, it may be possible to make a negligible value claim and thereby realise an allowable loss for tax purposes. That is, if an asset you own has...
Employers should beware 60% effective tax rate on bonuses
Local accountants and tax advisers, Trueman Brown, warn employers that bonuses to directors or employees may be paid with an effective tax rate of up to 60%. In the lead up to Christmas and the end of the financial year for many businesses, some directors and...
How employers should deal with new employees
Local accountants and tax advisers, Trueman Brown, advise local employers of the tasks that they must perform when taking on a new employee. From a payroll perspective, there are various tasks that an employer has to perform when they take on a new starter. For...