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What are the best ways to assess your firm’s performance? Changing market conditions make it more important than ever to measure your business performance on a regular basis. The impact caused by recent events, such as the vote to leave the EU in June 2016 and the...
Updated for 2017/18. We are often asked for advice on the most tax efficient way of paying yourself from your company.The official term is ‘profit extraction’ – how to get more money out of your business and into your pocket – legally of course! By far the most efficient way of taking money out of your limited company is to pay a combination of minimal Directors Salary plus a dividend and tax-free expenses. So how does this work?
Under-25’s push for national living wage equality
Late payments continue to hit SMEs
Cautious businesses delaying investment
Apprenticeship levy leaves firms baffled
Do you have staff who work irregular hours? Should you implement a timesheets procedure to track their hours for payroll? This article will take you through 3 different options to keep track of staff hours.
A guide to the VAT implications of having three entities involved in a transaction. VAT can get very complicated when there are three parties involved in a transaction. This may happen in an agency situation where one party is arranging for the supply of goods or...
Once you've been running auto-enrolment for three years you'll need to re-enrol workers. Over the last five years, there has been a seismic shift in attitudes towards retirement saving. Auto-enrolment means workplace pensions are now regarded by many employees as a...
Paper tax return deadline reminder
Buy-to-let regulations fuel rent rises
Sole traders exposed to cash crises
Finance bill 2017-19 round-up
Bertie considers himself a lucky man – he runs a successful business that over the years has brought him great pleasure, some fantastic friendships and has kept him comfortably well off.
A guide for employers on topical payroll issues. Employers need to keep an eye on changes affecting payroll so all employees have the right amount of tax deducted under PAYE. This is a round-up of the latest payroll-related developments. Dynamic coding In July 2017,...
Not everyone’s a winner with the recently-introduced residence nil-rate band. Rising property prices have left more families being elevated to millionaire status and dealing with the inheritance tax (IHT) implications that come with it. The Treasury collected £4.6...