Archive for November, 2016

A Limited Liability Partnership (LLP), like a limited company, provides its stakeholders with limited liability. However, LLPs are taxed in a similar style to self-employed partners. This business setup is very popular in professional services such as legal and accounting practices. Put simply, an LLP affords the tax versatility of a partnership, but the benefits […]

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CHRISTMAS IS COMING! NEW RULES FOR GIFTS TO STAFF From 6 April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind, tax-free. The new rules are a simplification measure so that certain benefits in kind will not need to be reported to HMRC, as […]

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