business
Are employee retirement gifts taxable?
Gifts or awards for retirements are not taxable to the recipient if the value is less than $400. (See related documents for Employee Recognition and Gener...
Category: Business
business
Can you pay to much tax on PAYE?
If you receive employment income and pay tax through the Pay As You Earn (PAYE) system you may sometimes pay too much tax, for example, as a result of bei...
business
Should I set up an LLP or limited company?
To set up an LLP, you must have a minimum of two LLP members. One way around this is to set up a dormant company as the second LLP member. However, if you...
business
Do you pay council tax on furnished holiday lets?
You do not need to pay council tax on a holiday let, however you will need to register your property for business rates if your property is available for ...
business
Is it too late to register for Self assessment?
Self assessment registration deadline You must register by 5 October after the end of the tax year. For example, if you need to complete a tax return for ...
business
How long can you be kept on a fixed-term contract?
four years An employee can be kept on successive fixed-term contracts for a limit of four years. If your contract is renewed after that you become a perma...
business
How do you calculate CGT on a unit trust?
CGT on unit trusts and OEICs is calculated using an average cost basis. So if shares/units have been purchased in the same fund on separate dates and at d...
business
Is South Africa good for expats?
Over nine in ten expats (93%) rate the climate and weather in South Africa favorably, with two-thirds (67%) even considering it very good. In part, this i...
business
What is the difference between child support and maintenance?
To put it simply, the difference between child support and child maintenance is that child support is financial support for children under the age of 18 w...
business
Can I cash in my private pension at 70?
Yes, you can take some or all of the money from your pension pot at the age of 55 and still continue to work if you want to. What age does private pension...
business
How is payroll calculated in Spain?
To calculate the salary you receive at the end of the month you simply need to subtract from your gross salary (all the remunerations, whether they are sa...
business
How many years do you have to be separated to be legally divorced in Nigeria?
2 years Under the Matrimonial Causes Act in Nigeria, a husband or wife in a marriage can only request for a divorce from the courts after they have been m...
business
Does CIS registration expire?
It does not have an expiry date but it shows the photograph and signature of the authorised holder, along with their National Insurance number. CIS 4(T) i...
