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Employee Ownership Trusts

Employee Ownership Trusts

The Employee Ownership Trust (EOT) was introduced to the UK in 2014 in an attempt from the Government to promote employee ownership of businesses. In short, EOT is a business ownership model where a trust holds a stake in a company on behalf of the employees.  In...
EIS Deferral Relief

EIS Deferral Relief

EIS, or Enterprise Investment Scheme, is a very popular government scheme which makes it easier for businesses to raise money. In short, this scheme offers tax reliefs to investors who subscribe to newly issued shares in a company. One of these tax reliefs is EIS...
How to Prevent Staff Christmas Party Tax Consequences

How to Prevent Staff Christmas Party Tax Consequences

With Christmas approaching, your business might be planning your annual staff Christmas party. As a business owner, you should get familiar with staff Christmas party tax and VAT consequences. This could potentially affect your employees if not handled correctly. How...
Don’t forget to claim your Directors’ startup costs!

Don’t forget to claim your Directors’ startup costs!

Every startup needs money to get off the ground. Whether it’s for some basic office equipment, office space or for more advanced machinery, there’s a lot to consider financially. Either way, you don’t expect the business to be able to repay these or give you a...
Mobile Phone Tax Traps All Companies Should Look Out For

Mobile Phone Tax Traps All Companies Should Look Out For

The Taxman allows companies to pay for a director’s or employee’s mobile phone without it counting as a taxable perk. However, there are conditions which HMRC strictly enforces. How can you avoid falling foul of these? Here are the most common mobile phone tax traps...