BMW 530i 2.0 with a retail price of £42,620 would attract annual tax of £4,944 for a higher rate tax payer. This means a saving of £1,236 for the employee and a further £426 for the employer for every 3 months the car is not in use.
We always recommend keeping your financial data up to date and employing a qualified accountancy service to help manage your business finances. We also suggest that ‘health checks’ are undertaken for PAYE and VAT to see that your systems and processes are operating correctly. We also recommend taking specific advice in respect of any unusual transactions, ideally before they occur.
And so we set up a dedicated team and called it Wellbeing @ Wilson Partners. Our primary focus is to encourage our team to take control of their health and wellbeing through a range of regular events and activities designed to support and promote mental and physical health.
New tax rates and thresholds come into effect from 6th April 2020. Below, we’ve listed all of the employee pay related rules being updated. It […]
We’re talking to many clients who are in sectors that have been badly affected already. For some businesses the effect is immediate, for others it will take time to filter through. Whatever happens, being prepared could be critical to sustainability. Short term measures to address cash flow are vital but the business model needs to be addressed if there’s a structural shift that is to be confronted.
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Case Study Everbridge
Acquisition of Vocal Limited, the leading UK provider of Business Continuity and Communication solutions