By Ola Sulaimon IN the UK, individuals that earn income from letting property normally pay tax on their rental income. The tax would be applied on the rental profit rather than the rental income. At Ronzl accounting firm in the United Kingdom, we also support individuals that are trying to…
Business gifts are very common at this time of year. It’s a time that we all try to say thank you to those that have supported us during the year. In this blog, I will like to explain the tax consequences of business gifts. GIFTS TO EMPLOYEES When employers give…
An employer at times has to add car allowance to employment package for new employees.Puting car benefit into consideration when providing your employee with a company car is important.The employer could reduce the tax paid by providing the right car. Impact of Car benefit to employees and employers When an…