Making any employee redundant is a difficult decision and potentially distressing for all involved. Getting the process wrong could result in one or more employment tribunal claims. Professional advice should always be sought. When an employee is made redundant, various elements may comprise the final payment. Apart from the normal earnings from the employment (salary, […]
It is eight years since companies had to deal with two tax rates and marginal relief when calculating their corporation tax liability. That system has now been reinstated and, as of 1 April 2023, the amount of corporation tax will depend on a companyโs profits as follows: under ยฃ50,000 โ small profits rate of 19%
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Many taxpayers taxed under self assessment may not be aware that HMRC self assessment phone service was closed for three months, opening on 4 September. HMRC has been piloting a new seasonal model for the self-assessment helpline by directing queries to the departmentโs digital services. The intention was to enable 350 of HMRC’s staff to
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