Starting a business

23 05 2017

While you might think that your business idea is uniquely brilliant and a guaranteed success, you may be in a minority of one.

Update child benefit and tax credit records

25 08 2016

Parents receiving these benefits must inform HMRC of any change in their child’s educational status otherwise they will no longer receive payments.

Capital Gains tax changes 2016/17

25 05 2016

CGT rates for 2016/17 have been reduced from 18% to 10% for basic rate taxpayers

The Annual Investment Allowance

20 05 2015

If you’re a company, partnership or sole trader, you can deduct 100% of your qualifying plant and machinery expenditure against your pre-tax profits with the Annual Investment Allowance (AIA).

Small Business Act becomes law

20 05 2015

A range of measures aimed at supporting small businesses have become law after the Small Business, Enterprise and Employment Act gained royal assent.

Entertaining, travel and subsistence

23 03 2015

In terms of taxable profits, entertaining clients isn’t typically allowed. Entertainment of your own employees generally is.

Financial planning for start ups

23 03 2015

Before you set about turning your entrepreneurial dream into a reality, you need to objectively assess whether your idea will work as a business.

Pensions

29 07 2014

From 6 April 2014, the annual limit for pension tax relief reduced from £50,000 to £40,000. The lifetime limit reduced from £1.5 million to £1.25 million.

Interest free or low interest loans

29 07 2014

The employer merely provides the worker £500 with no tax or national insurance deducted.

Protecting your business for key personnel loss

03 12 2013

Research has found that 55 per cent of businesses believe they would cease trading as a result of the long-term incapacity, illness or death of a key employee.