FUZE Accounting

Its the Christmas season so here is run down of the HMRC rules surrounding gifts and parties.... 🎉 🎄 Thinking of giving your staff gifts this Christmas? As long as the gift is considered "trivial," there will be no Tax or National Insurance to pay. What's more, is there is there no limit on the number of trivial gifts given!. 🎁 A trivial benefit is any gift that costs £50 or less, including VAT and delivery. This could include items like a bottle of wine, a bouquet of flowers, or a box of chocolates. Just ensure it is not performance related! With the Christmas Party season fast approaching, you may be wondering what qualifies as a staff Christmas party. More importantly, we’ll explain how to ensure the costs are deductible for corporation tax and that no tax or National Insurance is charged to your employees. Generally, entertaining staff is a tax-deductible expense for the business, and this includes costs for staff and their partners. However, entertaining non-staff, such as customers or suppliers, is not tax-deductible. For events where both staff (with their partners) and non-staff (such as customers) attend, the costs must be divided and apportioned accordingly. A Christmas party is not taxable for staff, provided it meets all of the following conditions: - It must be an annual party or social event, like a Christmas party or summer BBQ. - It must be open to all staff members. - The cost per person must not exceed £150, including VAT (per year, not event!) So whether you're a Ltd company or a Sole Trader, treat yourself and your teams to a festive get together 🎄 If you need help with your Self Assessment or annual accounts filing, don't hesitate to get in touch with me, anna@fuzeaccounting.co.uk. #fuzeaccounting #taxseason #smallbusinesssupport #selfassessment

🎃 Happy Halloween! 🎃⁠ ⁠ Don’t let the home-buying or selling process spook you! 👻⁠ ⁠ With us by your side, there will be no tricks, we'll find you a dream home that will be nothing but a treat. 🍬⁠ ⁠ Get in touch if you dare, and let us pair you with your dream home! 🏡⁠ ⁠ ☎️ 01206 803 308⁠ 📍 2b Cotman Road, Colchester, CO3 4QJ⁠ 📧 colchester@oakheartproperty.co.uk⁠ 💻 www.oakheartproperty.co.uk⁠ ⁠ #Halloween #SpookySeason #HappyHalloween #OakheartProperty #Oakheart #SuffolkHomes #EssexHomes #PropertyUK #EstateAgents #HouseHunting

🚨 Only 100 days left until Self Assessments are due with HMRC! Don’t let the deadline catch you off guard. If you need assistance, feel free to reach out. Let’s make sure you’re all set! Contact us at hello@fuzeaccounting.co.uk or visit our website to learn more!

If you are self-employed, a company director or dealing with various income sources you need to complete a detailed Self Assessment tax return. The deadline for filing your Self Assessment tax return is 31st January, but there are a number of other deadlines relating to Self Assessment throughout the year. To help you avoid any nasty surprises, Fuze Accounting has put together a guide to the most important dates. Missing these deadlines can result in penalties, but we’re here to help. Whether you're unsure about filing or just want peace of mind, FUZE Accounting can take the stress out of the process and ensure your tax return is compliant and accurate.  Need support? Contact us at hello@fuzeaccounting.co.uk or visit our website to learn more! #SelfAssessment #SmallBusinessTax #TaxDeadlines #AccountingSupport #FUZEAccounting