Automatic enrolment legislation will affect all employers with at least one member of staff in the UK. An employer’s duties will “switch on” from their staging date. By now, many small businesses have received their letter from the pensions regulator with their staging date. If you don’t know yours yet, please contact us and we can […]
Public Sector Contractors – all change from April 17!
Those who work in the public sector will be only too well aware of the additional scrutiny on the use of freelancers and how they operate their tax affairs. Over the last year, we have received calls from clients who have been asked to provide assurances about their IR35 status and tax affairs. Our advice […]
IR35 Overview
What is it all about? This ruling by the Revenue attempts to capture tax lost whereby individuals have set themselves up as Limited Companies supplying services but in reality are performing a task for a client in a manner similar to being an employee. […]
Pensions – Tax Treatment on Death
Alongside the changes from April 2015 to the access of pension funds, significant changes were made to the tax treatment of pension funds on death. This factsheet summarises the rules which may allow a pension fund to pass free of all taxes on the estate of the deceased and free of all taxes on the […]
Company Secretarial Duties
Company legislation provides an opportunity for a business organisation to benefit from the protection of limited liability, separating the legal persona of the organisation from the individuals who own it. […]
Tax and the Company Car
One of the most frequently asked questions we receive is in relation to the use of cars for business purposes and how this will affect the tax liability. Here, we will look at the various options available for business owners when it comes to work transport. The current system of tax relief and benefits in […]
Upcoming IR35 changes for contractors
The recent Autumn statement confirmed some major changes to the way that IR35 will be applied, in particular to the public sector. Here we will remind you what IR35 is about, what is changing and why there is a fear that the new reforms will leave a critical skill shortage of contractors in this sector. […]
What tax is payable on dividends?
If you run a limited company, you are probably already aware that the most tax efficient way to extract funds is by using a combination of low salary with the remainder as dividends. Significant changes took place from April 16 whereby the old 10% tax credit was abolished and all dividends in excess of £5k […]
Avoid these common business mistakes
Starting a business can be a dream come true and very exciting! There are however, many areas you will suddenly need to be involved in which may not be your core area of interest or expertise. Knowing when to delegate and outsource could save your business and your sanity. […]
Get control of your business – accounting software in the cloud!
So you may have heard the headlines in the recent budget about the death of tax returns. Don’t start celebrating just yet – this target has a deadline of 2020 and crucially relies on businesses and tax payers moving to online accounting software. Sounds like a big step ? Over a third of our existing client […]