December 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s December 2024 newsletter is now available to view online. We are well and truly into the winter season now with many areas even seeing snowfall in the last few weeks. We hope you are enjoying the last few weeks of the year and are looking forward to 2025. In our latest newsletter, […]
2025 planning: key tax dates and deadlines
With so many dates and deadlines across the tax year, it can be easy to lose track. But missing certain deadlines could land you in hot water with HMRC. From self-assessment tax returns to ISA allowances and payment deadlines, there are several key tax dates that should play a vital role in your financial planning. […]
Why succession planning is more important than ever for farmers
The Autumn Budget 2024 left farmers across the UK feeling disappointed and uncertain about their future as it was announced that Agricultural Property Relief is going to be significantly reduced. The Clayton & Brewill team explains what these changes mean and shares some tips on how farmers can protect their futures. Agricultural property relief (APR) […]
IHT relief capped for farmers: key updates from the Budget 2024
The Autumn Budget 2024 has brought with it a wave of changes, not least the introduction of a £1m inheritance tax relief cap, which will heavily impact farming businesses across the UK. Nottingham chartered accountants, Clayton & Brewill, unpacks some of the key announcements. After weeks of speculation over potential tax increases, adjustments in debt […]
The Tipping Act: what employers need to know before the upcoming changes
The Employment (Allocation of Tips) Act 2023, often referred to as the Tipping Act, states that all tips should be passed on to workers without deductions. The Act was originally set to come into force on 1 July 2024 but has now been pushed back to 1 October 2024. The Clayton & Brewill team explains […]
Travel expenses for flexible and hybrid workers
Travel costs make up a large part of necessary expenditure for many businesses and with the continued popularity of hybrid and flexible working it is important that allowable travel expenses reflect this. HMRC has recently updated its guidance on ordinary commuting and private travel, adding a new section to clarify the rules on claiming tax […]
Why is tax investigation protection so important?
The number of tax investigations being undertaken by HMRC is significantly increasing year on year. These investigations are becoming incredibly detailed, with HMRC even using social media to help with identifying tax discrepancies. In this blog, the team at Clayton & Brewill explains why tax investigations protection is so important for businesses. What is a […]
Changes to holiday pay and entitlement: irregular hours and part-year workers
Almost everyone classed as a ‘worker’ — a definition going wider than just employees — is legally entitled to 5.6 weeks’ paid holiday each year. This includes workers with irregular hours and part-year workers. From April 2024, new rules will change how holiday pay is calculated for workers, including an accrual method based on hours […]
July 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s July 2024 newsletter is now available to view online. Summer holiday season is well and truly upon us, and it’s nice to see a return of the sunshine this week. We hope those of you going away enjoy a relaxing break. In our latest newsletter, we look at a number of key […]
What do the results of the 2024 General Election mean for businesses?
In the early hours of 5 July 2024, it was announced that the Labour Party had won the majority in the 2024 General Election. Entering Downing Street as Labour’s first prime minister in 14 years, Sir Kier Starmer has declared that “change begins now.“ But what does this win mean for businesses? In this article, […]