1 April

Tax Changes That Have Come Into Effect on 1st April 2015

Posted by in News Alerts

Although most tax changes are applied at the start of the new tax year on 6th April, some changes have come into force on 1st April 2015. The main changes that affect businesses are: The Corporation Tax rate has been unified at 20%. The VAT registration threshold has increased from £81,000 to £82,000 and the deregistration […]

30 March

Workplace Pension Auto-Enrolment – Small Business and Exemptions

The law on the provision of Workplace Pensions has been implemented in phases since 2012. Eventually, virtually all UK employers will be legally required to automatically enrol most staff into a pension scheme and to make direct contributions. This programme began in October 2012 for the largest employers. Now, the Staging Dates for small businesses […]

22 March

Budget 2015 – Promises for the Future and Tax Changes Now

The Chancellor of the Exchequer used the final Budget before the General Election in the UK to unveil some significant tax changes. However, most of these are promises for the future: The increases in the Personal Allowance to £11,000 are staged in the 2016-17 and 2017-18 tax years as are the increases to the Higher […]

22 February

The Marriage Allowance – How to Register with HMRC

The Marriage Allowance is scheduled to come into effect in the 2015-16 tax year. In a major change to the personal tax regime, this could enable you to transfer up to £1,060 of your Personal Allowance to your husband, wife or civil partner. This, in turn, could reduce their Income Tax by up to £212 […]

7 January

2015 Employment Intermediaries Legislation and Contractors

The 2013 Autumn Statement introduced legislation that targeted certain Employment Intermediaries that disguised employment as self-employment which was particularly common in the construction industry. From 6th April 2014, personnel must be treated as an employee for Income Tax and National Insurance purposes if the personnel: is placed with a UK-based client personally provides their services […]

12 December

Growing Your Business and the Importance of the Business Plan

Whether the business is a new start or looking to develop to the next level, seeking, securing and managing the finances is a crucial task.  The greatest aid for this is a coherent Business Plan. It is all too easy to see the Business Plan as set in stone whereas it needs to be regarded […]

7 December

The Impact of the Change in Stamp Duty

Posted by in Guides, News Alerts

The major announcement in the Autumn Statement was the change in Stamp Duty on a residential property.  This guide illustrates the impact this will have. For an individual buying a property under the previous rules, the Stamp Duty was levied a single rate based on the purchase price of the property, as follows: Amount % […]

3 December

Autumn Statement 2014

The UK Chancellor of the Exchequer today presented the 2014 Autumn Statement which was his final chance to impact the tax regime before the General Election.  Most of the changes were at the margins but this newsletter summarizes some of the main changes that will affect individuals and businesses. The flagship announcement was the change […]

2 December

Growing Your Business with Third Party Funding

Raising business finance remains extremely tough for small businesses through the traditional business loan or overdraft from the bank. As a result, many companies are now utilizing other avenues of third party funding.  Likewise, many people with money to invest are benefiting from the potential yield. A common method of raising capital for a business […]

21 November

Growing Your Business and Reaping The Rewards

As the economic conditions improve, the landscape for business growth is potentially highly favourable. There are a variety of tax reliefs and incentives that are on offer both to help a business grow and to reward the entrepreneur when they come to sell or close their business. Virtually every business that employs staff is eligible […]