Planning your business goals for a new financial year

March 31, 2017 | by Sian Kelly | No comments

The start of the new financial year is the perfect time to dust off last year’s business plan and set some new goals for the future.

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Inheritance tax- residence nil rate band (RNRB)

March 28, 2017 | by Sian Kelly | No comments

From April 2017, a new nil rate band – the residence nil rate band (RNRB) – is available for inheritance tax purposes. It increases the amount that can be left free of inheritance tax when the estate includes a residence (or a share in a residence) that is left to a direct descendant.

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Interest relief for lettings – the transitional period

March 24, 2017 | by Sian Kelly | No comments

The mechanism by which landlords receive tax relief for interest and other finance costs is changing from April 2017 … and not for the better. The current rules are more generous than the new rules in that they enable the landlord to receive tax relief at his or her marginal rate of tax.

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Auto Enrolment: What happens if I don't comply or I'm late complying

March 21, 2017 | by Sian Kelly | No comments

Like all employers, you need to comply with your duties under automatic enrolment – it’s the law.     

The Pension Regulator (TPR) recognises that most employers will want to do the right thing for their staff, and will work with you if help is needed to get you compliant.

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Salary sacrifice after April 2017

March 14, 2017 | by Sian Kelly | No comments

To date, salary sacrifice arrangements have been a popular way for employees to benefit from tax-free benefits without employers footing the bill. Under a salary sacrifice arrangement, the employee gives up an amount of tax-free salary in return for a benefit in kind.

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The new Flat Rate Percentage April 2017

March 14, 2017 | by Sian Kelly | No comments

If you are a Limited Cost Business important changes to the VAT flat rate scheme are coming.  

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Are you ready for the increase to minimum wages in April?

March 10, 2017 | by Sian Kelly | No comments

On the 1st April 2017 we see an increase to the minimum wages.  All employers need to prepare to ensure they are ready, overlooking the rises will leave employers liable.

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Chancellor's Spring Budget 2017

March 10, 2017 | by Sian Kelly | No comments

Keeping you up-to-date on the Chancellor’s Spring Budget announcements. 

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Overpaid PAYE and how to get it back

March 07, 2017 | by Sian Kelly | No comments

There are various reasons why a PAYE overpayment may arise.This can happen simply because an error was made when paying PAYE and too much was paid or a payment was made twice.

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Avoid These 5 Costly Accounting Mistakes

March 07, 2017 | by Sian Kelly | No comments

A bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business.

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Correcting mistakes in your tax return

March 03, 2017 | by Sian Kelly | No comments

Mistakes happen and where a mistake has been made in your tax return it is possible to file an amended return to correct the mistake.

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