Expenses and benefits deadline looms
Employers back employment law rights
Firms plan to offset rising costs
Staff fear working beyond 65
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Please note: The information contained in this site is provided for information purposes only and is of a general nature. It is not a substitute for specific professional advice related to your own circumstances. You are recommended to obtain specific professional advice before you take any action. Thank you!
Capital Gains Tax Planning
A guide to capital gains tax and the reliefs available for 2017/18. When you buy an item with the intention of selling it for a profit, that transaction is treated as a trade and you should pay income tax on the profit you make on the sale. When you acquire an asset...
9 Actions to Take When You Become VAT Registered
Once you are registered for VAT what changes do you need to make to your bookkeeping process? What does this mean for your customers? And what do you need to think about when preparing your first VAT return?
9 Common VAT Pitfalls to Avoid
Whether you are newly registered for VAT or you have been registered for a while – be aware of these 9 common VAT pitfalls. These are the most frequent errors we see when we are reviewing small business VAT returns.
Why register for VAT?
Updated 09/03/2024 You are legally obliged to register for VAT when your business ‘taxable supplies’ within a rolling 12 month period exceeds the VAT threshold. As of 1st April 2016, the VAT threshold was £83,000. This increased to £85,000 from 1st April 2017 and...
Your Responsibilities as a Company Director
A director has statutory duties under the Companies Act 2006 and these duties are owed to the company which is a separate legal entity in its own right, rather than the shareholders. General duties under The Companies Act 2006 The Companies Act 2006 sets out 7 general...
Information required on a VAT invoice
In very simple terms invoices or receipts tell a customer what they have bought from you and whether it has been paid for or is still to be paid. What must you include on your invoice? Once registered for VAT, you must show the following details on any VAT invoice you...
Caseron Insider – May 2017
Gender Pay Gap Reporting Becomes Law
Digital Skills Shortage Hampers Business Growth
ISA Rules Understood
IR35 Changes for Public Sector Contractors
Personal Tax Planning 2017/18
How individuals and families can save taxes in 2017/18. The UK tax system provides reliefs and allowances to encourage you to spend or invest in certain ways. Using those reliefs as they are intended is the fiscal equivalent of obeying the Highway Code. If you divert from that code, by parking incorrectly, you would expect a penalty. The tax system also imposes penalties to discourage bad behaviour.
When are sponsorship costs tax deductible?
In some cases sponsorship is a great way to advertise your businesses. It is also about tapping into the passion of your target audience and having a story to tell. But when is it an allowable expense for tax purposes and when is it justifiable to claim back the VAT...