The main national insurance rates for small business for the current tax year (up to 5 April 2017) are summarised … Read More
Salary sacrifice arrangements are where employees give up some part of their salary in return for an employer provided benefit. … Read More
These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2016. Where there … Read More
New tax-free childcare accounts were announced in 2014 to replace the employer-provided childcare voucher scheme. Introduction has been delayed by … Read More
From 6 April 2016 Rent A Relief has increased from £4,250 to £7,500. This is an annual allowance which can … Read More
In addition to the current £5,000 tax free dividend allowance and the personal savings allowance of up to £1,000 there … Read More
Generally speaking VAT registered business have to charge 20% VAT on all supplies (sales) that they make. For certain categories … Read More
The government have re announced the £1,000 tax allowance that starts from 6 April 2017. This was first announced in … Read More
It was announced in the Autumn Statement that from 1st April 2017, “businesses with limited costs, such as many labour-only … Read More
Paying for directors and staff entertainment generally creates a taxable benefit on the individual. However annual parties can be paid … Read More