Friday, May 15th, 2020

HM Revenue & Customs (HMRC) is under relentless pressure to raise money for the government from increased tax receipts. Inevitably that means more tax and VAT investigations. In 2018-19 HMRC collected £34.1 billion through compliance activity. How is HMRC collecting more money? HMRC’s Connect System is an £80m investment programme and now contains over 22bn[…] Read more »
Posted in Company Tax, Personal Tax, Practice News, Tax Planning, VAT | No Comments »
Friday, April 28th, 2017

The Spurling Cannon Community Fund (SCCF) April 2017 Update Every year, The Spurling Cannon Community Fund (SCCF) supports a local charity close to our hearts. Although we aim to raise funds for the chosen charity through events such as our annual golf day, and sponsored bike ride, we also donate our time to help where[…] Read more »
Tags: Community Fund, Community News, Spurling Cannon Community Fund
Posted in Community Fund, Company Tax, Employers, Practice News, Tax Planning, Tax Relief | No Comments »
Monday, April 24th, 2017

PAYING EXPENSES TO EMPLOYEES – What to report? As an Employer, what do I have to report to HM Revenue & Customs, when paying expenses to employees, or reimbursing them for costs incurred on behalf of the business? And do I have to deduct tax and National Insurance? The rules in this respect[…] Read more »
Tags: employee expenses, expenses, What to report?
Posted in Company Tax, Employers, Personal Tax, Self-employment, Tax Planning | No Comments »
Tuesday, March 7th, 2017

Salary vs Dividend Newsletter issue – March 2017. The questions surrounding the issue of how best to extract profits from a company in a tax-efficient manner remain as popular as ever. Despite the introduction of the dividend allowance, and the personal savings allowance, extraction by remuneration and by way of dividend remain the two most[…] Read more »
Tags: Dividends, salary, Salary Vs Dividends, tax on dividends
Posted in Company Tax, Employers, Self-employment, Tax Planning | No Comments »
Thursday, January 19th, 2017

Company cars: ultra-low emissions vehicles Newsletter issue – January 2017. At Budget 2016, the government said it would consult over the Summer on changes to the ultra-low emission vehicles (ULEV) bands for taxing company cars to ‘focus incentives on the very cleanest cars’. As a result of the consultation, HMRC have now published details of eleven[…] Read more »
Tags: Company Car Tax, Ultra Low Emission Vehicles
Posted in Company Tax, Tax Planning | No Comments »
Thursday, March 17th, 2016

Additional Tax Relief for Innovative Companies The good news For every £100 spent on Research & Development (R&D) you could get £46 knocked of your tax bill, with the government encouraging small firms to claim where applicable. The bad news – What you need to do You, or someone in your company, will have the[…] Read more »
Tags: Innovative Tax relief, R&D Tax relief, StartUps, Tax Planning, Tax relief
Posted in Company Tax, Startups, Tax Planning, Tax Relief | No Comments »
Thursday, May 7th, 2015

Getting your finances into Summer shape It may still be spring but Summer is approaching quickly and it’s time to kick up the intensity in your workouts so you can look great at the beach or just walking around town. Here are my top tax tips for getting your finances in the best[…] Read more »
Tags: Getting your affairs in order, Limited Company, Registering VAT, Sole trader, Summer Shape, Tax Free Benefit Scheme, Tax Plan, Tax Planning, Working from home
Posted in Company Tax, Employers, Personal Tax, Tax Planning, Tax Relief, VAT | No Comments »
Wednesday, February 18th, 2015

Pre 5th April 2015 Checklist Pay a Pension Contribution Did you know – You can receive 20% tax relief on a pension contribution even if you don’t pay tax! The maximum a non tax payer can contribute is £3,600 gross – a payment of £2,880 to which the tax man adds £720! If you do[…] Read more »
Tags: April 2015/2016, End of Year Checklist, Financial Year Checklist, Getting your affairs in order, Pensions, planning, Pre-April, Tax Plan, Tax Planning, Tax relief
Posted in Company Tax, Employers, Pension, Personal Tax, Self-employment, Tax Planning, Tax Relief | No Comments »
Monday, November 17th, 2014

A (Christmas) meal on the tax man (or rather 20% of it)? If it complies with the conditions, a company which has no employees other than a single director might arrange and pay for a meal for the director and a family member as a guest, as a business expense. 20% of the cost will[…] Read more »
Tags: Christmas Dinner, Christmas Tax Relief, employees, employers, Tax relief
Posted in Company Tax, Employers, Tax Relief | No Comments »