Author Archive Vale & West

Government to change tax law twice before election – How to prepare

February 1, 2024 Comments Off on Government to change tax law twice before election – How to prepare By Vale & West

The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.

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Attention UK Taxpayers – do you understand the 500T tax code?

January 31, 2024 Comments Off on Attention UK Taxpayers – do you understand the 500T tax code? By Vale & West

The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.

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Management accounts – Why SMEs should embrace regular reporting

January 30, 2024 Comments Off on Management accounts – Why SMEs should embrace regular reporting By Vale & West

Consistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth.

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New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs 

January 25, 2024 Comments Off on New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs  By Vale & West

From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll software.

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Warning to all taxpayers – Pay your taxes on time amidst rising interest rates 

January 24, 2024 Comments Off on Warning to all taxpayers – Pay your taxes on time amidst rising interest rates  By Vale & West

As the deadline for paying any tax approaches, it is crucial you make your payments accurately and on time before it is too late.

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Debt management strategies for SME business owners

January 23, 2024 Comments Off on Debt management strategies for SME business owners By Vale & West

Although it can have negative connotations, debt is inevitable for most businesses.

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So, you want an electric company car? The tax perspective

January 19, 2024 Comments Off on So, you want an electric company car? The tax perspective By Vale & West

Environmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice for company cars as a result.

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Here’s how you can boost your SME’s efficiency and beat rising costs in 2024

January 18, 2024 Comments Off on Here’s how you can boost your SME’s efficiency and beat rising costs in 2024 By Vale & West

If you’re concerned about how rising costs will impact your SME, you’re not alone.

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Payroll tax obligations – Have you got it covered?

January 16, 2024 Comments Off on Payroll tax obligations – Have you got it covered? By Vale & West

If you employ one or more people for paid work, it’s essential that you have a properly managed payroll.

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Working remotely – What are the tax implications?

January 11, 2024 Comments Off on Working remotely – What are the tax implications? By Vale & West

Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023.

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