Important changes are afoot from April 2017 if you are a contractor undertaking work for public sector clients. And if caught out by them, you could face higher tax bills than you may be used to. Continue reading
Despite being an avid football fan (did you know that?), I don’t think I’ve ever indulged myself by devoting space in my blog to this passion. But an article I read a couple of weeks ago, about the recent tax fraud trial of Messi and his father in Spain, struck a chord. Continue reading
From 30th June, the annual return is defunct, replaced by a Confirmation Statement. You will still use the Companies House (CH) online service to confirm the details held about your company, BUT there will be a number of differences which it’s really important to prepare for. Continue reading
The end of one tax year, and beginning of the next is always a time of change when it comes to tax, but this time round it seems more significant than at any time over the last 10 years. Here’s a quick run-through of the major issues for our client base….
Here’s a quick digest of the main announcements relevant to small business from November’s Autumn Statement, plus a recap of previous announcements coming into force early in 2016. Continue reading
For our initial summary / reaction to the budget, click on this link Issue 36 Budget v2 2015.
The tax-free personal allowance is now £10,600 (was £10,000) but remember employee NICs of 12% start at £8,060.
Higher rate tax starts at £42,385.
At £100,000 the £10,600 personal allowance is gradually reduced and completely taken away at £120,000—marginal tax rate is 60% in this band!
This was the final Budget of this parliament and so whilst many of the measures will no doubt be implemented in full, there are always question-marks over promises which may never come to fruition if the current administration do not manage to get sufficient votes in May.
Nevertheless, please see our own summary of the key measures likely to affect you or your small business by clicking here : Issue 34 Budget 2015