Latest News 2018-03-11T13:54:34+00:00

GET READY FOR THE “OFF-PAYROLL” WORKING RULES”

Where large or medium-sized organisations are paying workers via personal service companies or agencies they will need to operate new procedures from 6 April 2020. The new rules will apply to partnerships, LLPs and larger [...]

MINIMISE THE HIGH INCOME CHILD BENEFIT CHARGE

The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back and there has been [...]

Taxation of Dividend Payments in 2019/20

Traditional advice would then be to extract any additional profits from the company in the form of dividends. Where dividends fall within the basic rate band (now £37,500) the rate continues to be 7.5% after [...]

EXTRACTING PROFIT FROM THE FAMILY COMPANY

The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the [...]

April Tax News

NO TAX CHANGES ANNOUNCED IN SPRING STATEMENT Despite the continuing uncertainty surrounding Brexit the Chancellor delivered his Spring Statement on 13 March. The purpose of this statement is to update the House of Commons and [...]

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Making Tax Digital for Business: VAT

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. In 2017, HMRC announced [...]

Charitable Giving

Charitable Giving If you are thinking of making a gift to charity, this factsheet summarises how to make tax-effective gifts. You can get tax relief on gifts to UK charities if you give: under Gift [...]

INHERITANCE TAX RELIEF

For deaths on or after 6 April 2017 there is now an additional £100,000 inheritance tax (IHT) allowance where the family home is passed on to direct descendants. This was originally announced on 8 July [...]

SELF-EMPLOYED OR STARTING A MICRO BUSINESS?

SELF-EMPLOYED OR STARTING A MICRO BUSINESS? Did you know that almost one in seven people in the UK are self-employed? You might also classify self-employment as "freelance work". UK research suggests that 30% of [...]

Tax News

Welcome to our monthly newswire. We hope you enjoy reading this newsletter and find it useful. BREXIT – WHAT ARE THE TAX IMPLICATIONS? One of the main reasons that individuals voted "leave" [...]

Intermediary Reporting

Employment Intermediary Reporting From 6th April 2015 you will be required to return details of all workers placed with clients where you don’t operate Pay As You Earn (PAYE) on the workers’ payments. The [...]

Summer Budget 2015

Dear Client, Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. In this issue we focus on tax changes announced in the Summer  2015 Budget which outlined the [...]

Tax News

Dear Client, Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the newsletter; remember, we are here to help you so please [...]

May Tax News

Dear Client, Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the newsletter; remember, we are here to help you so please [...]

Budget Highlights

Dear Client, Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the newsletter and remember, we are here to help you so [...]

EMPLOYMENT ALLOWANCE FROM 6.4.2014

TAKE ADVANTAGE OF THE £2,000 EMPLOYMENT ALLOWANCE FROM 6.4.2014 The new £2,000 “employment allowance” that provides relief from paying employers NIC on the first £2,000 of contributions starts 6 April 2014. For many [...]

Tax News – March 2014

Dear Client, Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the newsletter; remember, we are here to help you so please [...]

Autumn statement

Dear Client, Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the newsletter; remember, we are here to help [...]

GET YOUR BUSINESS READY FOR 2014!

Most economists are predicting growth in the economy in 2014. So what should you be doing over the next few months to strengthen your business and get it ready to take advantage of any [...]

How an accountant can help your business

While you may be a small business owner it doesn't mean you should do everything alone. You may be used to using your initiative and getting stuck in all aspects of your business, but one [...]

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