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Save on taxes: Bonus depreciation for business vehicle purchase

WEX Inc.

Tax deductions if you have a fleet of commercial vehicles Are you a small or large business owner with commercial vehicles, or a fleet manager? Calculating your commercial vehicle spend and how it will be impacted at tax time, including mileage and leasing, can make a huge difference in your overall expenses.

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Gusto Group to become 100% employee owned

Employee Benefits

A total of 100% of the firm’s ownership will be transferred to an EOT on 31 March 2027 as part of its three-year timeline. Employees will begin to receive tax-free payments related to the value of their share options from April 2027.

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Top tips for managing the cost of company car schemes

Employee Benefits

As well as tax savings, EVs can be cheaper to run and maintain, with used cars also a cost-effective option. Educate on tax savings Employers can educate staff about how the tax savings that come with a salary sacrifice electric vehicle (EV) work. This will then change to 3% in 2025/26, 4% in 2026/27, and 5% in 2027/28.”

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Government launches new disability guide with CIPD

Employee Benefits

DWP said it had already met its target of getting one million more disabled people into employment by 2027. Other guidance looks at where to advertise jobs and how to implement reasonable adjustments in the workplace.

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6 tips for protecting your business from cyber attacks

WEX Inc.

In fact, the annual average cost of cybercrime is predicted to hit more than $23 trillion in 2027, up from $8.4 It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax, and investment advisers. Cyber attacks are a growing threat to businesses of all sizes. Source: U.S.

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Beth Brown and Danyal Enver: What did the Spring Budget mean for pensions?

Employee Benefits

The Chancellor announced powers that would be given to both the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) in legislation slated for as early as 2027, enabling them to enforce the value for money regime. The Spring Budget built on the Mansion House speech in many ways.

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Spring Budget 2023

Employee Benefits

The maximum Pension Commencement Cash Lump Sum (tax free cash) for those without LTA protections, will be retained at its current level of £268,275 and will be frozen thereafter. Therefore, it’s not necessarily a straightforward decision and it will depend on individual circumstances.”

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