Monthly Archives: May, 2018

Accounting tax advice for family businesses in Gloucestershire

HMRC has just updated it’s tax advice for family businesses employing offspring. Gloucestershire’s ESB Accountancy summarises the HMRC tax advise for paying family members is that payments needs to be systematic, recorded, and contemporaneous. Formality is the best approach – think about payment by bank transfer so figures tie in exactly, use payslips and record […]