The perks of Employee Ownership Trusts
Introduced in 2014, Employee Ownership Trusts (EOTs) give a good alternative to the usual ways of passing on a business. They offer unique benefits to businesses, their employees, and the…
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Eight ways your accountant can help your business thrive
Many people think accountants only deal with taxes and ensure their clients remain compliant with the law. However, this is not the case. Accountancy firms, like Macalvins, can do so…
Understanding the High-Income Child Benefit Charge (HICBC) and upcoming adjustments
The High-Income Child Benefit Charge, or HICBC, is a tax, impacting households where at least one person looking after the child earns more than £50,000 a year. This tax applies…
Understanding why businesses don’t meet the national minimum wage and how to prevent such errors
Recently, the Government identified over 200 businesses, of various sizes and from diverse sectors, that didn’t meet the national minimum wage (NMW). Big names like WH Smith, Argos, and Marks…
Tax reliefs for startups – What should you know?
The journey of starting and nurturing a business from its infancy is both exhilarating and challenging.
New proposed legislation could see VAT imposed on UK taxi services
The UK Government is considering a legislative adjustment that could see taxi operators across the UK adding VAT to their fees.