Medic Accountants

🚨 Employers, don't overlook your Class 1A NICs payment deadline this July! Missing it could mean unwanted penalties. Make sure your payments and forms reach HMRC on time. Find out why this matters to your business.

Don’t forget to pay your Class 1A NICs - Medic Accountants Employers are reminded that Class 1A National Insurance contributions (NICs) for the 2025-26 tax year must be paid by 19 July 2026 (or 22 July 2026 if paying electronically) to avoid penalties. These

Alert: If you or your partner's income edges over £60,000, your Child Benefit payments could be affected by a charge you need to know about. Find out why it matters and how it might impact you – plus the smart choices you can make to keep your benefits working for you. Read on to stay informed.

Child Benefit and the High Income Child Benefit Charge - Medic Accountants The High Income Child Benefit Charge (HICBC) applies where an individual or their partner receives Child Benefit, and their adjusted net income currently exceeds £60,000. The charge may also apply

Alert: Setting up shop overseas? Discover why a permanent establishment could mean new tax duties, even if your presence seems small. Find out why this matters before you expand abroad.

Meaning of Permanent Establishment - Medic Accountants The term permanent establishment (PE) is an important tax concept for businesses that operate across international borders. In simple terms, it determines whether a business has created a sufficient

Alert: Loans to employees might carry hidden tax traps if interest rates fall below official HMRC levels. Curious about the exceptions? Find out why some loans won't trigger fees or reports—it's more common than you think. Read on to see if your situation is covered.

Tax treatment of loans to employees - Medic Accountants Employees may receive a taxable benefit where an employer provides a loan that is interest-free or charged at a rate below HMRC’s official interest rate (currently 3.75%). The benefit arises from the

Alert: Your company mobile phone could create unexpected tax effects! Whether it's a device or reimbursements, the rules are quite specific. Find out why it matters and what might catch you off guard. Read on to avoid surprises at tax time.

Alert: Dividend tax rules have changed for 2026-27! Discover what counts and how different rates could affect you. Find out why this matters now and what you might need to do next. Read on to stay ahead.

Understanding dividend tax - Medic Accountants Understanding dividend tax is important for anyone who receives income from shares in a company. Dividends are taxed differently from salary, pensions and other forms of income, with their own

Tax relief could be waiting on your professional subscriptions, even from past years. Have you checked if you qualify? Find out why now could be the right moment to claim back what's yours.

Tax relief on professional subscriptions - Medic Accountants Employees may be entitled to tax relief on certain professional fees and subscriptions that they pay personally. The relief is available where membership of a professional body is required for an

Alert: Certain employee travel costs no longer need reporting if exemptions apply. Curious about what counts and what doesn't? Find out why these updates could affect your business expenses and tax treatment. Read on to see what you might be overlooking.

Employee travel expenses - Medic Accountants There is no requirement to report certain travel and subsistence expenses where an exemption applies. The travel and subsistence benefits that do not need to be reported include reimbursed costs to

Alert: UK's Investment Manager Exemption safeguards overseas investors from unexpected UK tax liabilities. Curious how this shapes global finance flows? Read on to explore what fund managers and investors need to watch for.

Investment Manager Exemption (IME) - Medic Accountants The Investment Manager Exemption (IME) is a long-standing HMRC concession that helps attract international investment in the UK. It allows overseas investors to appoint UK-based investment managers

Alert: You can check your National Insurance record online to see if gaps could affect your State Pension. Explore if voluntary payments might boost your future benefits. Find out why it matters today and how to get started – it's easier than you think. Read on to secure your pension peace of mind.

Understanding your National Insurance record - Medic Accountants Your National Insurance record can be checked online to see what contributions and credits you have built up and whether you have any gaps that may affect your State Pension. The record shows how