The new tax year began on 6th April and this year has brought many financial changes that will impact all individuals and businesses. Here is a summary on some of the biggest changes: 1. The New National Minimum Wage The minimum wage has increased for all workers, although some have seen more of a gain…
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On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying earnings, while staff will now contribute 3% – making a combined total minimum contribution of 5%. Automatic enrolment has so far put more than nine million workers into workplace pension schemes. Now that…
Read More“Polly and her team show a high degree of professionalism and bespoke advice based on the interactions we have had with them since forming a limited company several months ago. We have found them to be very personable and approachable both in person and via email and phone. Their proactive phone calls and emails really…
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Since buying a vehicle is one of the biggest purchases you can make, it’s wise to take a look at all your options. Both leasing and buying have advantages and disadvantages.
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More than 60% of UK businesses are family owned. You can employ any family members in your business and take advantage of the lower tax rates and personal allowances that may be available to your spouse, civil partner, or children. In turn, this arrangement can help reduce your household’s overall tax bill.
Read MoreYou don’t usually need to pay Capital Gains Tax when you sell your home but there are circumstances where you may be liable to pay Tax. Automatic Private Residence Relief You don’t pay Capital Gains Tax when you sell your home if all of the following apply: You have one home and you’ve lived in it…
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