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June 2022

Advisory fuel rates

If you pay for the fuel used in your company car you are entitled to recover the cost of the fuel – for business journeys - based on agreed Advisory Fuel Rates (AFRs), from your employer.

How stock holding and inflation will affect your cash flow

If your business processes materials or assembles goods for sale it will usually need to keep a stock of items to ensure that future sales can be met.

Employing students in the summer break

If you decide to employ students to assist with your staff needs over the summer, you will need to add them to your payroll and apply PAYE and NIC rules.