Enterprise Management Incentives (EMI) Retaining and motivating staff are key issues for many employers. Research in the UK and USA has shown a clear link between employee share ownership and increases in productivity. The government has therefore introduced a variety of ways in which an employer can provide mechanisms for employees to obtain shares in […]
Research and Development
Research and development (R&D) by UK companies is being actively encouraged by Government through a range of tax incentives. The government views investment in research and development (‘R&D’) as a key to economic success. It is therefore committed to encouraging more smaller and medium sized (‘SME’) companies to claim R&D tax relief The incentives are […]
Register of People with Significant Control
From 6 April 2016 broadly all companies (except certain listed companies) are required to keep a register of people with significant control (PSC register) and, from 30 June 2016, file relevant information at Companies House. This requirement is in addition to those in respect of existing registers. The requirement to keep a PSC register has […]
Property Investment – Tax Aspects
Investment in property has been and continues to be a popular form of investment for many people. It is seen as a route by which: relatively secure capital gains can be made on eventual sale income returns can be generated throughout the period of ownership mortgage finance is covered in repayment terms by the security […]
Property Investment – Buy to Let
In recent years, the stock market has had its ups and downs. Add to this the serious loss of public confidence in pension funds as a means of saving for the future and it is not surprising that investors have looked elsewhere. The UK property market, whilst cyclical, has proved over the long-term to be […]
Preparing for your Accountant
Whether we are producing your accounts or carrying out your annual audit, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves. You may also be able to help by preparing some of the routine schedules for us. This will mean our time can […]
Personal Tax – Self Assessment
Under the self assessment regime an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time. The self assessment cycle Tax returns are issued shortly after the end of the fiscal year. The fiscal year runs from 6 April to the following 5 April (thanks to […]
Personal Tax – Dividends and Interest
Dividend and savings allowances are available. We consider the opportunities and pitfalls of the personal tax rules. Dividend income […]
Pensions – Tax Reliefs
Types of pension schemes There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension: Workplace pension schemes Personal Pension schemes. A Workplace pension scheme may either be a defined benefit scheme or a money purchase scheme. A defined benefit scheme pays a retirement income related […]
Pensions – Automatic Enrolment
What is automatic enrolment? Automatic enrolment places duties on employers to automatically enrol ‘workers’ into a work based pension scheme. The main duties are: assessing the types of workers in the business providing a qualifying automatic enrolment pension scheme for the relevant workers writing to most of their workers explaining what automatic enrolment into a […]