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Our latest newsletter covers: Our webinar events, information on an official report recommending significant increases in Capital Gains Tax, how the Government could be about to launch a new permanent state-backed small business loan scheme, how the Federation of Small Businesses proposes a move to turn Covid...
Read MoreFour in five UK small to medium-sized enterprises (SMEs) are confident that they will recover from the Coronavirus pandemic, according to research by Starling Bank and the Great British Entrepreneur Awards. The data indicates that 75 per cent of business owners are feeling more confident than...
Read MoreOur latest tax card, which includes Tax Rates for 2020/21 updated August 2020. Tax card 2020/21 ...
Read MoreAs lockdown restrictions lift across the UK, businesses are preparing for a new working environment. The Chancellor may have begun winding down the schemes that have supported businesses through the pandemic, but government-backed loans and the furlough scheme will remain factors for some time yet. Now,...
Read MoreThe speech was billed as a ‘Summer Economic Update’, rather than an ‘Emergency Budget’, Rishi Sunak unveiled the Government’s Plan for Jobs, described by the Chancellor as the second phase in the Government’s economic response to the crisis. Grants and reliefs offered by the Chancellor included...
Read MoreThe coronavirus (COVID-19) pandemic has caused major disruption to businesses and economies worldwide. Drastic measures have seen millions of people locked down. Working from home has become the new normal for many, while others have been furloughed to keep jobs viable. Contents Mental health in times of...
Read MoreThe most tax efficient way to extract profits for director-shareholders is usually to pay a minimal salary and top up with dividends. The salary level can be pitched to keep state pension entitlement, but stopping short of the point at which National Insurance contributions (NICs)...
Read MoreNHS pensions made news this year, with consultants and GPs blaming large tax bills, linked to pension statements, for making some work ‘uneconomic’. Why should high-earning power, coupled with pension provision, spell trouble – even for top-earners outside the NHS? We consider this issue and...
Read MoreThe government has recently been circulating adverts promoting the holiday pay awareness campaign. ‘Holiday pay: it comes with the job’ is part of the modern Industrial Strategy, which aims to give employers and workers a better understanding of both workplace rights and responsibilities. Contents An update on...
Read MoreEntrepreneurs’ Relief (ER) is a valuable tax relief for individuals seeking to dispose of their business. It can give access to a 10% rate of capital gains tax (CGT), subject to a £10 million lifetime limit. Contents The Disposing of a Business Age discrimination: do...
Read MoreChancellor Philip Hammond’s second Spring Statement was delivered against a backdrop of political turmoil, following the voting down of Prime Minister Theresa May’s Brexit withdrawal deal. Despite describing the economy as ‘remarkably robust’, the Chancellor offered a clear warning on the potential impact of a...
Read MoreWith the end of the 2018/19 tax year fast approaching, now is a good time to review your finances to ensure you are making full use of the available allowances and minimising your tax liability. Contents Top planning tips for the year end Expanding your business:...
Read MoreIt’s been another successful year for us as a business and we were proud to win Best in Wycombe District at the Buckinghamshire Business Awards in May, and have recently won MGI Employer of the Year, MGI Professional Staff Member of the Year and have...
Read MoreOur newsletter considers enhanced capital allowances funding your business’s needs spotlight on mental health in the workplace an update on Making Tax Digital - where are we now? we also cover making the most of Gift Aid a business round up all the key tax...
Read MoreThe government estimates that 20% of small businesses in the UK have encountered cashflow issues as a direct result of late payments. Were small businesses to be paid on time, it is thought that around an extra £2.5 billion could be channelled into the UK...
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