Benefit in kind Archives - Ronzl Accountant

01 Apr 19

Taking the offer before it is too late

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 take advantage of the property […]

25 Nov 18

TIME FOR CELEBRATIONS ARE HERE AGAIN!

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 gifts to their employees, it […]

15 Jan 18

How to reduce tax on company cars

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 employee presents a vehicle to […]