Directory results

 
1 to 10 of 583 articles
  • 600+ Business Solutions - Budget measures for businesses and their owners
    The delayed Budget finally happened on 11 March 2020. It confirmed some anticipated changes and included one or two surprises. Generally, the measures were well received but they weren’t all good news. Will you and your business be better or worse off?
    Click here
  • 600+ Business Solutions - An extra pair of hands
    Your business is approaching a busy period and you could do with an extra pair of hands to share the load. Can you employ family members and if so what are the tax and employment law consequences?
    Click here
  • Tips & Advice You & Your Business - Off-payroll tax changes postponed
    Off-payroll tax changes postponed..IR35 goes viral. The government’s proposed amendments to the off-payroll working rules, more commonly referred to as IR35 , have fallen victim to the coronavirus. The changes, which shifted the responsibility for deciding if the off-payroll rules apply from the worker to their customer, have been deferred until 6 April 2021. Awkward timing. For the workers who were affected by the new rules it’s good news. However, many of the businesses they work for have already put...
    Click here
  • Tips & Advice You & Your Business - Too late to pay a dividend?
    Too late to pay a dividend?..Q. I’m the only director and shareholder of a company. For tax purposes it would suit me to treat some of the drawings I took from the business earlier this year as dividends for 2019/20 but my accountant says I can’t. I don’t understand their explanation for this. Are they correct? A. Generally, HMRC expects payments you receive from your company to have an identity, e.g. salary, reimbursed expenses etc., and once designated it’s not possible to recategorise them. However,...
    Click here
  • Tips & Advice You & Your Business - IR35 - what’s the latest news?
    The new off-payroll (IR35) rules will take effect on 6 April 2020 as planned. However, the last minute review by the government offers some consolation for businesses affected. What’s the full story?
    Click here
  • 600+ Business Solutions - Tricky rules on staff meals made clear
    HMRC rules normally ensure that non-cash rewards (benefits in kind) which you provide to your employees are taxed. However, free or subsidised meals provided as a perk can be exempt from tax and NI. How and when can you take advantage?
    Click here
  • 600+ Business Solutions - A tax-efficient alternative to borrowing from your company
    If you need cash from your company, you can borrow it rather than take it as remuneration. This can be more tax efficient, but there’s a potentially better alternative worth considering. What is it and how does it work?
    Click here
  • Tips & Advice You & Your Business - HMRC updates payroll tool
    HMRC updates payroll tool..New tax year update. HMRC’s Basic PAYE Tools (BPT) is free payroll software for use if you have nine or fewer employees. If you use BPT, and you’re concerned that you haven’t yet received an update to the software for the new tax year, don’t worry. Version 20.0 for the 2020/21 tax year will be released at the end of March 2020. This includes a new function - for the first time you’ll be able to generate printable payslips. PC users. To update the software click “Check...
    Click here
  • Tips & Advice You & Your Business - Can I repay salary to save tax?
    Can I repay salary to save tax?..Q. My company has had a particularly good year and I have taken extra dividends from it. I now realise that my income will exceed £100,000 for 2019/20 which means I’ll lose some of my tax-free allowance. Can I repay some of my salary or dividends to prevent this from happening? A. The loss of personal tax-free allowances where your total income exceeds £100,000 in a tax year means you’ll pay between 58.1% and 65% in tax on income between £100,000 and £125,000. Normally,...
    Click here
  • Tips & Advice You & Your Business - Record numbers for self-assessment
    A record number of people filed their self-assessment returns by the 31 January deadline. But a record number missed it too! If you’re one of the latter, HMRC has advice for you. What’s the full story?
    Click here
 
1 to 10 of 583 articles

Filter results

Resources

Dates