The introduction of the residence nil rate band (RNRB) opens up the possibility of leaving the family home to successive generations without triggering an inheritance tax charge. It is available for deaths on or after 6 April 2017.
As one of the Midlands’ leading Xero partners, we were recently invited along to Xerocon London 2018. It’s the sixth time we’ve attended Xero’s annual partner conference, and, as ever, it proved a fantastic event - this time centred around the #HumanAtHeart theme.
As a general rule, a deduction is allowed for expenses that are incurred wholly and exclusively for the purpose of the trade. Thus, for the deduction to be available, the business must have started trading.
Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax charge on the staff Christmas party, the exemption is limited in scope and application. It is unwise to assume that there will be no tax to pay – without proper planning, an unwanted tax charge may accompany the post-party hangover.
With Xero, a simple experience is a beautiful experience. Xero are simplifying the navigation within your account to make sure that everyone can get on with daily tasks easily and efficiently.
Originating in America, Black Friday has cemented itself as a British shopping staple. In more recent year, eCommerce businesses have gone through the experience twice over the course of a weekend as ‘Cyber Monday’ is embraced (any reason for more deals!).