Monday, September 4th, 2017

New anti-money laundering regulations take effect Newsletter issue – September 2017. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Pay) Regulations 2017 (SI 2017/692) took effect from 26 June 2017 and replace the previous 2007 Regulations with new statutory requirements for systems and procedures. Broadly, the regulations require firms undertaking certain[…] Read more »
Tags: anti-money laundering, MLCP, MLRO, money laundering compliance principle
Posted in Audits, Employers | 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 »
Tuesday, May 31st, 2016

£50 is trivial, up to 6 times in a tax year! From 6 April 2016, employers no longer have to agree with HMRC that certain Benefits in Kind are ‘trivial’. Read the full requirements including the examples at https://www.gov.uk/government/publications/tax-exemption-for-trivial-benefits-in-kind-draft-guidance/tax-exemption-for-trivial-benefits-in-kind-draft-guidance. Example A is an employer who takes employees out for a meal to celebrate birthdays. Example[…] Read more »
Tags: benefits in kind, gifting, tax exemption, trivial exemption
Posted in Employers, Personal Tax, 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 »