If you are considering purchasing an electric car, you are in luck. The government has extended the deadline until 31 December 2025 to take advantage of a valuable personal income tax deduction. This measure aims to continue encouraging sustainable mobility and support the transition towards more environmentally friendly vehicles. The deduction allows individuals to claim … Read more
At Spence Clarke, we take great pride in nurturing a culture that values commitment, loyalty, and the people who help shape our firm. One of the most cherished traditions we have established is the celebration of colleagues who reach 20 years of dedicated service. When a team member achieves this, we honour their contribution with … Read more
When business partners who actively work in their company consider extra compensation, they usually have two options: receiving a salary bonus or taking dividends. The choice isn’t always straightforward, as each option has different tax implications and costs. Understanding these differences can help determine the most beneficial route. A salary bonus is treated as regular … Read more
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