BUSINESS
Auto-enrolment – ignore at your peril!
Auto-Enrolment Compliance: Ignore at Your Peril! Employers must adhere to auto-enrolment duties, including submitting a declaration of compliance. Failure to do so can result...
Research & Development (R & D) advance assurance scheme
This enables successful applicants with an assurance that their claims for R & D tax relief will not be subject to an HMRC enquiry and that HMRC will accept their first...
Corporation tax – reducing paperwork further
Acknowledgements to corporation tax returns filed will no longer be issued in paper form either to the company’s registered office or the agent acting. The acceptance of the...
Parking fines – Allowable against taxable profits?
Are Parking Fines Allowable Against Taxable Profits? Keyword phrase: "are parking fines tax deductible" Many businesses face the challenge of parking fines. Whether during...
Salary sacrifice plans
The tax and national insurance savings will be removed for all benefits provided this way apart from those relating to pensions (including advice), childcare, cycle to work...
Changes to the VAT flat rate scheme from 1 April 2017
HMRC believes that small businesses have been abusing the VAT flat rate scheme (FRS). When reporting VAT payable the business ignores VAT on purchases with the exception of...
Advisory fuel rates from 1 December 2016
Advisory Fuel Rates December 2016: Key Information for Employers Effective from 1 December 2016, HM Revenue and Customs (HMRC) updated the Advisory Fuel Rates (AFRs) for...
Research and development (R & D) claim
More of our clients are making these claims which can be very valuable. For small and medium enterprises, valid claims can result in an additional deduction from profits of...
Liquidating a company
If you are reaching retirement and you no longer wish to trade you have a choice. If the total value of the company is less than £25,000 payments from the company can be taxed...
Group VAT registration
What Is Group VAT Registration? Group VAT registration allows businesses with multiple companies to register under one VAT number rather than filing separate VAT returns. This...
National minimum wage from 1 October 2016
In case you missed it the rates went up again from 1 October 2016! For workers aged 21 and over it has risen to £6.95 per hour, persons aged between 18 and 20 now must receive...
Entrepreneur’s relief and resignation
Understanding Entrepreneurs’ Relief and Resignation Timing Entrepreneurs’ Relief, now called Business Asset Disposal Relief, allows business owners to pay a reduced 10%...