Staff parties have no limits. Or do they? There are many misconceptions about the party allowance that employers and employees receive. It’s time to debunk these myths before the festive season comes upon us. Be mindful of the financial implications that might apply to you, your business or your team.
Trivial benefits are where the management of a company gives the employees gifts throughout the year. Think about these gifts as improving the morale of your team and making them feel appreciated. Before you rush to spend though, there are some rules for each employee.
The rise of “staycations” has been hard to miss. Rural beauty spots have seen a major increase in activity over the last 18 months, I (James) have even heard rumours of 45-minute queues at the top of Mount Snowdon (or Yr Wyddfa, if you ask my dad).
People need places to stay, and many people make use of holiday let accommodation.
As a business owner, you’ll naturally reach out to your accountant to organise your tax and finances. That is, after all, their area of expertise. What if we told you there was a deep, dark secret about our profession that you possibly never thought about?
Behold, the Accountant’s Secret Network.
It can be exciting to set up your business as an official company. Some say that a company is a great vehicle to reduce tax liability and help protect you as an individual with its limited liability. However, there is much more to consider when setting up a company entity. Here are three examples of the common mistakes we have come across.
By creating a planned objective for your new business, you can work out how much you need to live the life you want. This is your ‘lifestyle cost’. Here’s how to calculate this figure, what you can do to reduce it, and why it is practical to make this calculation.
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