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TMT Accounting
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If you provide your employees with anything other than a paid salary, it will attract the attention of HMRC as a “benefit in kind” and need to be reported for tax. Common examples of these “fringe benefits” are a company car or private medical insurance.

The good news is that it looks as though the system will be streamlined and made more straightforward for employers.
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You may have seen the adverts on the TV from the Department of Work and Pensions about workplace pensions by now, with lots of enthusiastic workers declaring “We’re all in!”, but what does auto-enrolment mean for you?
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As online accountants we have put together a toolbox of online software that we have hand-picked, road-tested and approved, because we know these tools will help you run your business better. At every level of our Business Partnering Programme these tools are included. These tools will save you time and are very likely to increase the amount of expenses that you can claim, resulting in a lower tax bill.
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Today we were in conversation with a company about car mileage rates and VAT, a topic that comes up over and over again with our customers. So we thought we would share how to do this with everyone...
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