It’s the beginning of the new year, and you’ve decided to finally declutter your wardrobe by selling some pre-loved pieces on platforms like Depop, Vinted and eBay. Do you need to pay tax on that?
Following the announcements of increases to the rate of National insurance and Dividends along with the increased threshold for National insurance from July 2022 and the extra employment allowance, many of our directors are unsure what to pay themselves.
Peter McGahan, Chief Executive Officer of Worldwide Financial Planning, answers the question: “What is the best type of insurance to protect a repayment mortgage?”
It’s nearly Easter time, and many businesses like utilise occasions like this to share the love with clients and colleagues. But what are the tax implications of giving gifts through your business?