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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

Who runs your business? You or your Chimp?

I have been reading a fascinating book over the last couple of weeks which is called “The Chimp Paradox”.  I had some time on my hands due to undergoing an operation on my neck two weeks ago, which is a whole other story.  Anyway, this fascinating book has been used by a great many successful […]

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

When can HMRC refuse a deduction?

You’re having your offices repainted and the decorator has asked to be paid in cash. You would prefer not to, but as he comes highly recommended and is cheap you’ve agreed to go along with it. Will this cause trouble with the Taxman?

Self-assessment and record keeping

When self-assessment was introduced in 1996 it came with new […]

By |February 12th, 2016|Uncategorized|0 Comments

The new national living wage

Without exception, every business will have to pay employees aged 25 and over the national living wage (NLW). When does this payment rate come into force and how will it operate?

All confirmed

Although the national living wage (NLW) has been on the cards for some time, the government only published the proposed National Minimum Wage (Amendment) […]

By |January 15th, 2016|Uncategorized|0 Comments

Buy-to-let property: the new right to rent checks

From 1 February 2016 all private landlords in England will have to conduct right to rent checks on their prospective tenants. So if you’ve invested in the buy-to-let market this will affect you. But how are such checks carried out?

Investment choice

Instead of leaving money in a bank earning a paltry rate of interest, many business […]

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

What can EIS do for you?

Earlier in 2015 changes to the rules for companies raising capital through the enterprise investment scheme (EIS) were announced. What effect, if any, do they have on the availability of tax breaks for investors?

EIS risk and reward

Because of the generous tax breaks it offers, EIS and its predecessor schemes have been one of the government’s […]

By |January 11th, 2016|Personal Tax, Uncategorized|0 Comments