Blog
Real Time Information submissions – no more automatic penalties
In June, HMRC issued the first in-year notices to employers with fewer than 50 employees who missed the deadline for sending PAYE information to HMRC. Previously, PAYE late filing penalties…
The future of the Annual Investment Allowance
The Annual Investment Allowance (AIA) provides an immediate deduction to many business for the cost of most plant and machinery (not cars) purchased by a business up to an annual…
Want to avoid the settlements trap?!
Owner-managed companies often seek to minimise the tax position of shareholder-directors by involving members of the same family and utilising personal tax planning strategies and lower rate tax bands of…
Tax planning still available for two homes through Principal Private Residence relief
The UK tax regime provides an important relief from the capital gains tax charge (CGT) on the gains made by an owner-occupiers on the sale of their private homes. This…
The government announces its new flat-rate State Pension scheme
To ask any question about the new flat-rate State Pension scheme seems to suggest a straightforward answer. Everyone will get the same amount won’t they? The answer to the latter…
Growth top of the agenda for SMEs
According to research from Close Brothers Asset Finance, growing a business is top of the agenda for 34 per cent of SMEs. The quarterly survey of UK SME owners and…
Growing opportunities for SMEs to secure public sector contracts
The Government has announced that it is aiming to increase its spending with small and medium-size enterprises (SMEs) to a third by 2020, and we are encouraging all our businesses clients…
Invoice financing for SMEs
There has been a lot of publicity recently on the availability of finance for small to medium sized enterprises (SMEs), particularly focusing on traditional bank loans or equity investments. However,…
Businesses need to prepare for changes to company law
New changes to company legislation have recently been announced, which will require businesses to register individuals with ‘significant control’ over the company. Under proposals, laid down in the Small Business,…
A growing number of SME’s to be affected by Auto-Enrolment
Recent data from The Pensions Regulator has revealed that approximately half a million more businesses will have to enrol than previously anticipated and will face higher employment bills as they…
Owners of personal service companies could face stricter tax rules
Individuals who run a personal service company (PSC) could face higher tax bills in the future as HM Revenues & Customs (HMRC) looks to re-evaluate its tax rules. The HMRC…
Making the most of your savings – A guide on how to using your savings to improve your financial position.
People often have a slightly misjudged opinion of their savings as a sedentary block of assets that only creeps forward at a glacial pace due to the interest it generates….