The conventional wisdom for many years has been to remunerate company owner managers by means of a small salary and the balance in dividends.The salary was normally pitched at just below the primary threshold - £8.164 in 2017/18. This might mean that some personal...
HMRC have published guidance on the salary sacrifice optional remuneration rules which took effect from 6 April 2017.The new rules largely see the withdrawal of the Income Tax and National Insurance benefit where an employee gave up a right to earnings in return for a...
Statistically 20% of companies did not claim the employment allowance when it was introduced in 2014/15 and it may have been missed in 2015/16 and 2016/17 as a result. The employment allowance came into effect from April 2014 and was originally £2000. It increased to...
Often with HMRC pronouncements surrounding tax avoidance we get no warning. An announcement is made out of the blue and tax professionals everywhere are left scurrying round trying to find the detail behind the headlines to see how it might affect their...
Update: July 2018It is time to take action if your business has a taxable turnover above the VAT threshold of £85,000. The government has confirmed that from 1 April 2019 all VAT registered businesses with taxable turnover above the VAT threshold (currently £85,000)...
In an article published in September 2016's Taxation magazine, Craig Simpson, partner at Bates Weston Tax LLP, examines the treatment of surplus cash in a company. Tha article is written as a discussion document for fellow professional tax advisers, however it...
Is your company innovating?Research and Development (R&D) tax credits provide extremely favourable tax reliefs for companies who engage in innovation. It is not just relevant to technology companies and qualifying R & D can be found in many different industries....
Accumulating, preserving and passing on family wealthThere are several tax efficient options families can adopt to help them to accumulate, preserve and pass on their wealth. As ever, we would begin by ensuring that we have a clear understanding of your personal...
Attracting, retaining and motivating the right people is one of the keys to growing a successful business.Your own circumstances and goals will be unique, but we are adept at getting to the heart of what you are trying to achieve and recommending tax efficient...
From compliance to growth, our accounting firm in Derby has you covered. Call us to see how we can help.