The start of the new financial year is the perfect time to dust off last year’s business plan and set some new goals for the future.
From April 2017, a new nil rate band – the residence nil rate band (RNRB) – is available for inheritance tax purposes. It increases the amount that can be left free of inheritance tax when the estate includes a residence (or a share in a residence) that is left to a direct descendant.
The mechanism by which landlords receive tax relief for interest and other finance costs is changing from April 2017 … and not for the better. The current rules are more generous than the new rules in that they enable the landlord to receive tax relief at his or her marginal rate of tax.
Like all employers, you need to comply with your duties under automatic enrolment – it’s the law.
The Pension Regulator (TPR) recognises that most employers will want to do the right thing for their staff, and will work with you if help is needed to get you compliant.
To date, salary sacrifice arrangements have been a popular way for employees to benefit from tax-free benefits without employers footing the bill. Under a salary sacrifice arrangement, the employee gives up an amount of tax-free salary in return for a benefit in kind.
If you are a Limited Cost Business important changes to the VAT flat rate scheme are coming.
On the 1st April 2017 we see an increase to the minimum wages. All employers need to prepare to ensure they are ready, overlooking the rises will leave employers liable.
Keeping you up-to-date on the Chancellor’s Spring Budget announcements.
There are various reasons why a PAYE overpayment may arise.This can happen simply because an error was made when paying PAYE and too much was paid or a payment was made twice.
A bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business.