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Practical guide: sidestepping the OpRA rules
The optional remuneration arrangement (OpRA) rules have been around for several years. They aim to cancel the tax and NI advantages offered by salary sacrifice schemes. But how can employers still secure these advantages for their employees?
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Practical guide: P11D filing for 2023/24
You are preparing to file your company's P11D forms for the last tax year. What should you keep in mind, and why might a change in how you report taxable benefits be advantageous?
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Practical guide: capital allowances for commercial property
Your company is about to purchase a factory and then extend the building afterwards. What capital allowances will be available, and how will claiming them impact the future capital gains position of the property?
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Practical guide: are you ready for the cash basis by default?
Following a consultation, the cash basis is being simplified and will become the default basis of accounts preparation for unincorporated business from 6 April 2024. What are the implications of this decision for your business?
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Practical guide: do you need to apply the salaried member rules?
The main partner in your firm, a limited liability partnership (LLP) that provides investment management services, has asked whether one of its members meets the conditions of the salaried member rules. What are these rules, and what guidance does recent case law provide?
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Practical guide: using cheap loans to beat high street rates
HMRC’s official rate of interest, used for calculating the taxable amount on participator loans, is very low compared with high street rates. How can you use this to your advantage in a tax and NI-efficient way?
