Monthly Archives October 2020

Trivial Benefits – Not So Trivial for You!

Trivial Benefits — Not So Trivial for You! As a Director of a limited company, you have various ways to take your income from the business, ranging from a straightforward Salary to Dividends — and the tax obligations for these vary considerably. While contributing fairly to the national finances is everyone's duty, no-one wants to pay tax they don't need to. However, many company Directors are not aware of one tax-free entitlement — Trivial Benefits! Expenses, Benefits and Tax Your company is entitled to pay its employees or Directors a wide range of expenses and benefits. Common examples include travel...
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The Kickstart Scheme — Government Subsidies for New Employees

The Kickstart Scheme — Government Subsidies for New Employees   You may have been concerned by dire predictions about the long-term effect the COVID crisis could have on jobs. The Furlough scheme is drawing to an end, and record numbers of redundancies are being predicted. Perhaps you are considering redundancies yourself.   However, there is still going to be help available — including the government's Kickstart Scheme.    Protecting Jobs in the Lockdown  During the lockdown, most companies had to close their doors. This might have been to conform with regulations, but it could also have been due to customers disappearing.   The government's emergency solution for...
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