Christmas is fast approaching us. You may be considering rewarding your employees for their hard work over the last year with a tax-free gift or a staff Christmas party.
Rather than buying yet more toys for your children or grandchildren, why not consider setting up a tax-efficient Junior ISA for them?
If you receive unwanted Christmas presents this year, can you save some tax by donating them to charity and claiming Gift Aid?
If you are considering making a financial gift this festive season, are you aware of the Inheritance Tax (IHT) consequences?
Even though the normal office Christmas party might be banned, there are still ways to reward your employees for their hard work through a Benefit in Kind (BiK).