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Post conference reflection

 

Last weekend I had the pleasure of attending The AAT annual conference at the NEC complex in Birmingham.  As well as a chance to have some concentrated study time on various topical updates from a technical point of view it does give you the opportunity to share with your fellow professionals your experiences of what […]

By |June 21st, 2016|Uncategorized|0 Comments

5 Weeks to go!!

The count down to the 17th July 2016 is beginning to feel a little scary.

It seemed like such a long time ago I agreed to attempt the Full UK Ironman event to be held in Bolton.

Having got over my neck operation in February it has been full steam ahead with the training and the miles […]

By |June 14th, 2016|Uncategorized|0 Comments

Advisory fuel rates revised

 

 
With effect from 1 June 2016 the advisory fuel rates are as follows:

Engine type and size (cc)

Petrol1
Diesel
LPG

<= 1400
<= 2000
> 2000
<= 1600
<= 2000
> 2000
<= 1400
<= 2000
> 2000

10p
13p
20p
9p
10p
12p
7p
9p
13p

Note
1. Petrol hybrid cars are treated as petrol cars for this purpose.

For 1 month from the date of change, employers may opt to use either the previous or new rates.

HMRC web posting […]

By |June 7th, 2016|Uncategorized|0 Comments

What’s a director worth to your company?

HMRC disapproves of director shareholders paying their spouses a salary from the business solely to reduce tax. It considers such arrangements unfair avoidance. Is there an alternative which won’t cause problems with HMRC?

Reducing tax by income shifting

As a director you’ll know from personal experience that the government has for some time been reducing the rate […]

By |June 1st, 2016|Uncategorized|0 Comments

Your Company – In or Out?

We have a big decision coming up, as a country on whether to say in Europe or go our own way.

In many ways since the last two budgets of March ad July, many company directors should be considering a sim
ilar thing.  Whether to remain operating their businesses as a
company or disincorporation and returning to Sole […]

By |May 19th, 2016|Uncategorized|0 Comments

Lend money to your company tax efficiently

You personally borrowed money to provide extra working capital for your company. It’s going to reimburse you, but if it’s not done the right way it will result in a tax and NI bill. How can you turn this potential tax trap to your advantage?

Funding your business

Businesses need cash for any number of reasons, such […]

By |May 6th, 2016|Uncategorized|0 Comments

The new employment allowance rules

From 6 April 2016 one-man companies will cease to qualify for the employment allowance (EA). Adding your spouse to the payroll has been suggested as a way around this. Is it that simple?

Employment allowance. The employment allowance (EA) is a credit that employers can claim against their NI bill. Your payroll software will work out and deduct the EA where you indicate […]

By |April 11th, 2016|Uncategorized|0 Comments

How do I calculate my holiday entitlement?

Holiday is one of the few employment benefits enjoyed by almost all workers in the UK.

The right to paid time off for holiday accrues in almost all circumstances, and paid holiday features in full time, part time and even temporary contracts.

In the UK, the legal requirement for holiday entitlement is 28 days’ paid annual leave per […]

By |April 11th, 2016|Uncategorized|0 Comments

NATIONAL INSURANCE

The new employment allowance rules

From 6 April 2016 one-man companies will cease to qualify for the employment allowance (EA). Adding your spouse to the payroll has been suggested as a way around this. Is it that simple?

Employment allowance. The employment allowance (EA) is a credit that employers can claim against their NI bill. Your payroll software […]

By |April 7th, 2016|Uncategorized|0 Comments

Updates to our App

Now that the new financial year has started, we have taken the opportunity to update our App with several important changes for our users.

The below adjustments are already in place, live in your App right now.

The payslip calculator has been updated for 2016/17 rates.
The VAT tax table has been updated to 2016/17 thresholds.

If you don’t […]

By |April 6th, 2016|Uncategorized|0 Comments