Employers Allowance changes

Changes to the criteria for claiming Employers Allowance One of the changes coming with the new tax year will see an amendment to the criteria for employers hoping to claim an allowance against their National Insurance (NI) bill. What are the changes? Currently all employers can claim relief of the [...]

2022-03-02T09:50:04+00:00March 11th, 2020|Business, Tax|Comments Off on Employers Allowance changes

Capital Gains Tax on residential property sales

Changes to Capital Gains Tax on residential property sales With big changes to the way Capital Gains Tax (CGT) due from residential property sales is reported and paid coming on 6th April, it is important to understand how this could affect you. What are the changes? The impending changes primarily [...]

2022-03-02T09:50:12+00:00March 9th, 2020|Business, Tax|Comments Off on Capital Gains Tax on residential property sales

Why You Should Be Considering An Electric Vehicle

Why You Should Be Considering An Electric Vehicle Whether you are looking to reduce your environmental impact or save money, there are several great reasons to consider getting an electric car through your company. What are the tax implications for the business? One of the biggest differences between electric vehicles [...]

2022-03-02T09:50:18+00:00March 4th, 2020|Business, Tax|Comments Off on Why You Should Be Considering An Electric Vehicle

Upcoming Changes to Entrepreneurs Relief

What you need to know about the upcoming changes to Entrepreneurs relief What you need to know about the upcoming changes to Entrepreneurs Relief Entrepreneurs often see their business as a valuable asset to provide them with pension when they retire and have been counting on Entrepreneurs’ Relief (ER) to [...]

2022-03-02T09:50:25+00:00February 17th, 2020|Business, Tax|Comments Off on Upcoming Changes to Entrepreneurs Relief

Are you missing out on R&D tax credits?

Are you missing out on R&D tax credits? There are thousands of pounds being lost in tax relief by eligible companies every year. This reflects the common misconception that Research and Development (R&D) is confined to manufacturing plants, tech giants or research laboratories, when in reality, the ideas and inspirations [...]

2017-10-10T08:37:19+00:00October 3rd, 2017|Business, Tax|Comments Off on Are you missing out on R&D tax credits?

Spring budget 2017

Spring budget 2017 Whilst the budget was relatively uneventful, there have been some controversial changes aimed at the self-employed and small business owners. However, the main point of controversy, the rise in Class 4 National Insurance Contributions has now been reversed.  The key points are as follows:Self Employed National InsuranceThe budget initially outlined an [...]

2017-03-27T12:59:44+00:00March 10th, 2017|Business, Tax|Comments Off on Spring budget 2017

VAT flat rate scheme changes

Limited cost traders - Flat rate scheme Summary From April 2017, a new Flat Rate Scheme category is being introduced called “limited cost trader”. Any business that spends less than 2% of their turnover or < £1,000 a year on “goods” will fall into this category and will use a [...]

2017-03-08T09:23:42+00:00March 2nd, 2017|Business, Opinion, Tax|Comments Off on VAT flat rate scheme changes

Will businesses really have to do four tax returns a year?

Quarterly tax returns – You're kidding right? In winter 2015 the government announced it’s ‘Making tax digital – roadmap’ promising to transform HMRC into “One of the most digitally-advanced tax administrations in the world”. The business community reacted somewhat dubiously to this news. It seems unbelievable that an organisation that still prefers to [...]

2017-01-12T16:58:03+00:00November 13th, 2016|Business, Opinion, Tax|Comments Off on Will businesses really have to do four tax returns a year?

Landlords hit in 2016 budget

Landlords hit hard in 2016 budget When the 2016 Budget came out it was clear to see that the chancellor was on the warpath against landlords. In a two-pronged attack the budget imposes a higher rate of stamp duty on second home owners, as well as limiting tax relief on mortgage interest. As [...]

2017-01-12T16:58:04+00:00April 14th, 2016|Business, Tax|Comments Off on Landlords hit in 2016 budget

Budget 2016 – Small business comes out on top!

Budget 2016 - Small Business comes out on top Small Business rates cut! The big headline announcement in this years budget is the cut to business rates by the extension of the small business rates relief scheme. Currently the scheme means that all properties with a rateable value of < £6,000 don't pay [...]

2017-01-12T16:58:04+00:00March 16th, 2016|Business, Tax|Comments Off on Budget 2016 – Small business comes out on top!
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